In a report released today, Nathan Jones from Stifel Nicolaus maintained a Hold rating on Pentair (NYSE: PNR), with a price target of $44. The company’s shares closed yesterday at $44.82.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 5.6% and a 55.1% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Watts Water Technologies.
Currently, the analyst consensus on Pentair is Hold and the average price target is $59.22, representing a 32.1% upside.
In a report released yesterday, Robert W. Baird also maintained a Hold rating on the stock with a $46 price target.
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Based on Pentair’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.27 billion and quarterly net profit of $103 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $87.8 million.
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Pentair Plc is a diversified industrial manufacturing company, which engages in the business of industrial manufacturing. It specializes in equipment protection to water, fluid, and in thermal management. It operates through the Water and Electrical segments.
