On Oct 23, major Wall Street analysts update their ratings for $Pentair (PNR.US)$, with price targets ranging from $106 to $120.
J.P. Morgan analyst Stephen Tusa maintains with a hold rating, and adjusts the target price from $106 to $110.
Barclays analyst Julian Mitchell maintains with a buy rating, and adjusts the target price from $105 to $108.
TD Cowen analyst Joseph C Giordano maintains with a buy rating, and maintains the target price at $110.
Mizuho Securities analyst Brett Linzey maintains with a buy rating.
Baird analyst Michael Halloran maintains with a hold rating, and adjusts the target price from $93 to $106.
Furthermore, according to the comprehensive report, the opinions of $Pentair (PNR.US)$'s main analysts recently are as follows:
The company's potential to enhance margins beyond the projected 2026 baseline of 24% is gaining confidence, underscored by ongoing margin growth amidst sales challenges. This is attributed to the company's progress through the second phase of its three-phase transformation. Furthermore, the initial stages of the 80/20 initiative are expected to yield positive outcomes by 2025. Additionally, falling interest rates are anticipated to invigorate demand within the consumer discretionary segments of the Pool and Water Solutions businesses in the 2025/2026 timeframe.
The company Pentair is poised for another year of robust double-digit earnings growth in 2025, along with high teens free cash flow margins, according to an analyst's research note.
The company exhibited a strong Q3 performance, producing unprecedented free cash flow for the year thus far and recorded growth in the Pool segment for the second quarter running, along with a 470 basis points year-over-year margin enhancement. It's noted that the ongoing 'transformation benefits' at the company, together with initial successes from their 80/20 strategy, have sufficiently compensated for weaker flows and certain industrial customer capital expenditure postponements.
Management appears to be surpassing their plans, and it is anticipated that FY26 goals may be surpassed next year, excluding market fluctuations. Additionally, the valuation continues to be appealing when compared with counterparts in the water sector.
The firm remains impressed with Pentair's transformation tailwinds, which are believed to more than counterbalance the softer demand trends seen year-over-year. The firm acknowledges that the 80/20 principles present further chances for advancement beyond the existing long-term strategy. Looking ahead, there is a maintained confidence in the potential for a share re-rating as investors fully recognize the value of the company's compelling transformation.
Here are the latest investment ratings and price targets for $Pentair (PNR.US)$ from 10 analysts:
Note:
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