Zacks Investment Research disclosed Parker-Hannifin Corp (NYSE:PH), hiking its price target to $153.00 earlier today
- Updated: November 29, 2016
Yesterday Parker-Hannifin Corp (NYSE:PH) traded -1.37% lower at $137.32. The company’s 50-day moving average is $127.86 and its 200-day moving average is $119.57. The last closing price is up 14.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 404,369 shares of the stock were exchanged, down from an average trading volume of 1,135,570
Indicating a possible upside of 0.11%, Zacks Investment Research raised the target price of Parker-Hannifin Corp (NYSE:PH) to $153.00
See Chart Below
Parker-Hannifin Corp has a 52 week low of $83.32 and a 52 week high of $140.07 with a P/E ratio of 22.74 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 15 brokers have issued a report on the stock. The consensus target price is $113.40 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 18 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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