Parker-Hannifin (NYSE:PH) has been upgraded from Sell to Neutral in a statement by Goldman Sachs earlier today.
- Updated: October 11, 2016
Goldman Sachs has upgraded Parker-Hannifin (NYSE:PH) from Sell to Neutral in a statement released on 10/11/2016.
On Wednesday October 05, 2016, Stifel Nicolaus released a statement for Parker-Hannifin (NYSE:PH) bumped up the target price from $131.00 to $141.00 that suggested an upside of 0.15%.
Boasting a price of $125.09, Parker-Hannifin (NYSE:PH) traded -0.62% lower on the day. With the last stock price close up 7.24% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Parker-Hannifin has recorded a 50-day average of $123.43 and a two hundred day average of $115.92. Volume of trade was down over the average, with 194,710 shares of PH changing hands under the typical 989,862
With a total market value of $0, Parker-Hannifin has price-earnings ratio of 21.11 with a one year low of $83.32 and a one year high of $128.24 .
A total of 15 equity analysts have released a research note 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 (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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