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Parker-Hannifin Corp (NYSE:PH) target upped to $120.00, released a research note earlier today by Goldman Sachs Group Inc.

Parker-Hannifin Corp (NYSE:PH) had its stock price target upped to $120.00 by Goldman Sachs Group Inc. in a report issued 10/11/2016. The increased target suggests a potential downside of -0.04% based on the company's last stock close price.

Previously on 10/05/2016, Stifel Nicolaus reported about Parker-Hannifin Corp (NYSE:PH) raised the target price from $131.00 to $141.00. At the time, this indicated a possible upside of 0.15%.

Yesterday Parker-Hannifin Corp (NYSE:PH) traded 0.91% higher at $125.09. The company’s 50-day moving average is $123.42 and its 200-day moving average is $116.19. The last stock close price is up 7.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 803,998 shares of PH traded hands, down from an average trading volume of 990,208

Recent Performance Chart

Parker-Hannifin Corp (NYSE:PH)

Parker-Hannifin Corp has price-earnings ratio of 21.14 with a one year low of $83.32 and a one year high of $128.24 and has a total market value of $0.

A total of 15 firms have reported on the stock. 0 brokers rating the stock a strong buy, two analysts rating the company a buy, 18 firms rating the company a hold, one broker rating the stock a underperform, and finally 0 firms rating the stock a sell with a average stock price target of $113.40.

Brief Synopsis On 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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