Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Parker Hannifin (PH), Waste Management (WM) and Cintas (CTAS)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Parker Hannifin (PH – Research Report), Waste Management (WM – Research Report) and Cintas (CTAS – Research Report).

Parker Hannifin (PH)

Bank of America Securities analyst Andrew Obin reiterated a Buy rating on Parker Hannifin today and set a price target of $650.00. The company’s shares closed last Thursday at $539.49, close to its 52-week high of $570.15.

According to TipRanks.com, Obin is a 5-star analyst with an average return of 12.3% and a 63.9% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Montrose Environmental Group, Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on Parker Hannifin is a Strong Buy with an average price target of $606.92, implying a 10.0% upside from current levels. In a report issued on May 2, Robert W. Baird also maintained a Buy rating on the stock with a $622.00 price target.

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Waste Management (WM)

Bank of America Securities analyst Michael Feniger reiterated a Hold rating on Waste Management today and set a price target of $220.00. The company’s shares closed last Thursday at $212.20, close to its 52-week high of $214.54.

According to TipRanks.com, Feniger is a 5-star analyst with an average return of 11.9% and a 61.6% success rate. Feniger covers the Industrial Goods sector, focusing on stocks such as GFL Environmental, Republic Services, and Waste Connections.

Waste Management has an analyst consensus of Moderate Buy, with a price target consensus of $224.40.

Cintas (CTAS)

RBC Capital analyst Ashish Sabadra assigned a Buy rating to Cintas today and set a price target of $725.00. The company’s shares closed last Thursday at $691.38, close to its 52-week high of $704.84.

According to TipRanks.com, Sabadra is a 4-star analyst with an average return of 4.6% and a 59.9% success rate. Sabadra covers the Financial sector, focusing on stocks such as Dun & Bradstreet Holdings, Factset Research, and S&P Global.

Cintas has an analyst consensus of Moderate Buy, with a price target consensus of $741.80.

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Read More on PH:

• Parker’s Promising Future Highlighted at Investor Day, Win Strategy™ Enables Sustainable Growth, New 5-Year Targets Announced
• 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