Stifel analyst Nathan Jones maintains $Parker Hannifin (PH.US)$ with a buy rating, and adjusts the target price from $633 to $691.
According to TipRanks data, the analyst has a success rate of 69.1% and a total average return of 17.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Parker Hannifin (PH.US)$'s main analysts recently are as follows:
The 2025 entry rates and trends could hold more significance than the latter half of 2024 updates for the multi-industry group. The outlook for industrial capital expenditures appears to be lackluster, accompanied by bottoming residential trends.
The firm posits that utilizing the year-over-year variation in the global PMI index as a benchmark could enable investors to optimize their trading strategies to augment a long-term investment approach. In the near term, a forecast indicates potential volatility in Parker-Hannifin's stock, but scenario analyses imply a favorable risk/reward scenario looking forward over the coming year.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
