.jpg "Parker Hannifin (NYSE: PH)")
Credit Suisse analyst Jamie Cook maintained a Buy rating on Parker Hannifin (NYSE: PH) today and set a price target of $199. The company’s shares opened today at $159.35.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 6.0% and a 53.7% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Illinois Tool Works, and Caterpillar.
Parker Hannifin has an analyst consensus of Moderate Buy, with a price target consensus of $187.33.
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Based on Parker Hannifin’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $353 million. In comparison, last year the company had a net profit of $285 million.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock.
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Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. The firm also provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the Diversified Industrial and Aerospace Systems business segments.
