A statement released earlier today by Stifel Nicolaus about Parker-Hannifin Corp (NYSE:PH) bumps the target price to $141.00
- Updated: October 9, 2016
Just yesterday Parker-Hannifin Corp (NYSE:PH) traded -1.78% lower at $123.08. Parker-Hannifin Corp’s 50-day moving average is $123.41 and its 200-day moving average is $115.76. The last stock price is up 7.69% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,409,993 shares of PH traded hands, up from an average trading volume of 994,592
In a report released on 10/5/2016 Stifel Nicolaus increased the stock price target of Parker-Hannifin Corp (NYSE:PH) from $131.00 to $141.00 reporting a possible upside of 0.15%.
Previously on 10/04/2016, Zacks Investment Research released a statement about Parker-Hannifin Corp (NYSE:PH) increased the target price from $0.00 to $140.00. At the time, this indicated a possible upside of 0.14%.
Recent Performance Chart
Parker-Hannifin Corp has 52 week low of $83.32 and a 52 week high of $128.24 with a P/E ratio of 21.16 and has a total market value of $0.
A total of 15 equity analysts have released a ratings update on PH. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, eighteen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $113.40.
Brief Synopsis About Parker-Hannifin Corp (NYSE:PH)
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment. The Diversified Industrial Segment consists of Automation Group, Engineered Materials Group, Filtration Group, Fluid Connectors Group, Hydraulics Group and Instrumentation Group. The Aerospace Systems Segment produces hydraulic, fuel, pneumatic and electro-mechanical systems and components, which are utilized on domestic commercial, military and general aviation aircrafts.
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