In a report released yesterday, Bryan Blair from Oppenheimer assigned a Buy rating to Pentair (PNR), with a price target of $52.00. The company’s shares closed last Tuesday at $45.40, close to its 52-week high of $47.43.
According to TipRanks.com, Blair is a 3-star analyst with an average return of 4.6% and a 52.1% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pentair with a $47.54 average price target, implying a 6.4% upside from current levels. In a report issued on September 14, Citigroup also upgraded the stock to Buy with a $51.00 price target.
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The company has a one-year high of $47.43 and a one-year low of $22.01. Currently, Pentair has an average volume of 1.18M.
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Pentair Plc engages in the provision of water solutions for residential, commercial, industrial, infrastructure, and agriculture applications. Its portfolio of solutions enables people, businesses, and industries to access clean, safe water, reduce water consumption, and recover and reuse it. It operates through the following business segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories. The Filtration Solutions segment distributes water and fluid treatment products and systems, including pressure tanks and vessels, control valves, activated carbon products, conventional filtration products, point-of-entry and point-of-use systems, gas recovery solutions, embrane bioreactors, wastewater reuse systems, and advanced membrane filtration and separation systems. The Flow Technologies segment offers products ranging from light duty diaphragm pumps to high-flow turbine pumps and solid handling pumps. The company was founded by Murray J. Harpole, Vern Stone, Vincent Follmer, Leroy Nelson, and Gary Ostrand on August 31, 1966 and is headquartered in London, the United Kingdom.
