In a report released today, Joe O’Dea from Wells Fargo maintained a Buy rating on Parker Hannifin (PH – Research Report), with a price target of $630.00. The company’s shares closed last Friday at $536.18.
O’Dea covers the Industrials sector, focusing on stocks such as Eaton, Johnson Controls, and Lennox International. According to TipRanks, O’Dea has an average return of 6.2% and a 55.77% success rate on recommended stocks.
Parker Hannifin has an analyst consensus of Strong Buy, with a price target consensus of $606.33, implying a 13.08% upside from current levels. In a report released on May 3, KeyBanc also reiterated a Buy rating on the stock with a $640.00 price target.
Based on Parker Hannifin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.82 billion and a net profit of $681.85 million. In comparison, last year the company earned a revenue of $4.67 billion and had a net profit of $395.24 million
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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 $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
- PH Upcoming Earnings Report: What to Expect?
