Parker-Hannifin Corporation (PH) has been under a strong bear grip, hence the stock is down -0.27% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.08% in the past 1 week. The stock has risen by 0.61% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.29% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 2.5%.The 200 Day SMA reached 12.8% Parker-Hannifin Corporation is up 8.88% in the last 3-month period. Year-to-Date the stock performance stands at 27.45%.
Parker-Hannifin Corporation (PH) : 9 Wall Street analysts covering Parker-Hannifin Corporation (PH) believe that the average level the stock could reach for the short term is $118.56. The maximum price target given is $130 and the minimum target for short term is around $105, hence the standard deviation is calculated at $9.85.
Company shares have received an average consensus rating of Hold for the current week Parker-Hannifin Corporation (NYSE:PH): stock was range-bound between the intraday low of $120.86 and the intraday high of $121.885 after having opened at $121.6 on Fridays session. The stock finally closed in the red at $121.6, a loss of -0.85%. The stock remained in the red for the whole trading day. The total traded volume was 979,773 shares. The stock failed to cross $121.885 in Fridays trading. The stocks closing price on Thursday was $122.56.
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. The Companys manufacturing, service, sales, distribution and administrative facilities are located in the United States and in 49 other countries. Its products are supplied to approximately 450,000 customers in manufacturing, transportation and processing industry. The Company has two reporting segments: Diversified Industrial Segment products are made to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment industries, and Aerospace Systems Segment products are made in the commercial and military aerospace markets to both original equipment manufacturers and to end users for spares, maintenance, repair and overhaul.