Parker Hannifin PH has been analyzed by 11 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 4 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $741.27, a high estimate of $842.00, and a low estimate of $575.00. This upward trend is evident, with the current average reflecting a 5.93% increase from the previous average price target of $699.80.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive Parker Hannifin. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nathan Jones | Stifel | Lowers | Hold | $689.00 | $691.00 |
| Joseph O'Dea | Wells Fargo | Lowers | Overweight | $710.00 | $770.00 |
| Jamie Cook | Truist Securities | Raises | Buy | $842.00 | $788.00 |
| Stephen Volkmann | Jefferies | Raises | Buy | $810.00 | $765.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $800.00 | $703.00 |
| Jeffrey Hammond | Keybanc | Raises | Overweight | $775.00 | $725.00 |
| Nathan Jones | Stifel | Maintains | Hold | $691.00 | $691.00 |
| Amit Mehrotra | UBS | Announces | Buy | $842.00 | - |
| Joseph Giordano | TD Cowen | Raises | Hold | $575.00 | $520.00 |
| John Eade | Argus Research | Raises | Buy | $710.00 | $650.00 |
| Mircea Dobre | Baird | Raises | Outperform | $710.00 | $695.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Parker Hannifin. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Parker Hannifin compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Parker Hannifin's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Parker Hannifin analyst ratings.
About Parker Hannifin
Parker Hannifin started out in 1917 as Parker Appliance, selling pneumatic brakes. Through the acquisition of branded components, the firm has expanded into aerospace engines, agricultural and construction machinery, freight and passenger vehicles, and industrial automation equipment. Within these larger systems, Parker sells a wide array of small, critical pieces such as hydraulic, electromechanical, climate control, and filtration components. Many of its products are designed to work together, resulting in a high rate of cross-selling.
Financial Milestones: Parker Hannifin's Journey
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Parker Hannifin's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 1.17%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Parker Hannifin's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.24% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Parker Hannifin's ROE stands out, surpassing industry averages. With an impressive ROE of 5.6%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Parker Hannifin's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 2.37%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Parker Hannifin's debt-to-equity ratio stands notably higher than the industry average, reaching 0.79. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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