Truist Financial analyst Jamie Cook maintained a Buy rating on Parker Hannifin (PH – Research Report) yesterday and set a price target of $611.00. The company’s shares closed yesterday at $554.91.
According to TipRanks, Cook is a 5-star analyst with an average return of 12.3% and a 64.11% success rate. Cook covers the Industrials sector, focusing on stocks such as Agco, CNH Industrial, and Cummins.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parker Hannifin with a $600.46 average price target, implying an 8.21% upside from current levels. In a report released on May 6, Argus Research also maintained a Buy rating on the stock with a $590.00 price target.
PH market cap is currently $70.72B and has a P/E ratio of 25.94.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Parker Hannifin (PH) Company Description:
Ohio-based Parker-Hannifin Corp. manufactures and sells motion and control technologies and systems. The company provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems.
Read More on PH:
- Parker-Hannifin price target raised to $590 from $550 at Argus
- Parker-Hannifin price target raised to $611 from $602 at Truist
- Parker-Hannifin price target raised to $550 from $490 at Mizuho
- Parker-Hannifin price target lowered to $618 from $625 at Barclays
- Parker-Hannifin reports Q3 adjusted EPS $6.51, consensus $6.12
