Zacks Investment Research downgraded Parker-Hannifin Corp (NYSE:PH) to Hold in a statement released earlier today.
- Updated: October 17, 2016
Boasting a price of $124.54, Parker-Hannifin Corp (NYSE:PH) traded -0.12% lower on the day. With the last stock price close up 6.90% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Parker-Hannifin Corp has recorded a 50-day average of $123.45 and a two hundred day average of $116.36. Volume of trade was down over the average, with 739,904 shares of PH changing hands under the typical 991,534
Zacks Investment Research has downgraded Parker-Hannifin Corp (NYSE:PH) to Hold in a statement released on 10/17/2016.
With a total market value of $0, Parker-Hannifin Corp has 52 week low of $83.32 and a 52 week high of $128.24 with a P/E ratio of 21.12 .
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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