In a report released yesterday, Mircea Dobre from Robert W. Baird reiterated a Buy rating on Parker Hannifin (NYSE: PH), with a price target of $190. The company’s shares opened today at $172.03.
According to TipRanks.com, Dobre is a 2-star analyst with an average return of 0.5% and a 43.5% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Illinois Tool Works, and Sun Hydraulics Corp.
Currently, the analyst consensus on Parker Hannifin is a Moderate Buy with an average price target of $183.22, representing a 6.5% upside. In a report issued on July 18, BMO Capital also reiterated a Buy rating on the stock with a $190 price target.
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Parker Hannifin’s market cap is currently $22.81B and has a P/E ratio of 23.31. The company has a Price to Book ratio of 3.89.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.
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Parker-Hannifin Corp. is a manufacturer of motion and control technologies and systems, providing engineered solutions for mobile, industrial and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment offers products to original equipment manufacturers.
