Deep Dive Into Parker Hannifin Stock: Analyst Perspectives (10 Ratings)
Portfolio Pulse from Benzinga Insights
Parker Hannifin (NYSE:PH) has been evaluated by 10 analysts over the past three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased by 4.65% to $634.2. Analysts have raised their price targets, reflecting positive sentiment. Parker Hannifin's financials show strong profitability and effective cost management, but a higher debt-to-equity ratio indicates financial risk.
October 02, 2024 | 6:01 pm
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POSITIVE IMPACT
Parker Hannifin has received mostly bullish analyst ratings, with an increase in the average price target to $634.2. Analysts have raised their price targets, indicating positive sentiment. The company's strong financials are offset by a higher debt-to-equity ratio, suggesting financial risk.
The majority of analysts have given bullish ratings, and the average price target has increased, indicating positive sentiment. The company's strong financial metrics support this view, although the high debt-to-equity ratio is a concern. Overall, the short-term impact is likely positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100