Pentair plc. Ordinary Share (PNR) is Downgraded by UBS to Neutral, Raises Price Target to $ 70

Pentair plc. Ordinary Share (PNR) was Downgraded by UBS to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 70 from a previous price target of $48 . Earlier the firm had a rating of “Buy ” on the company shares. UBS advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Pentair plc. Ordinary Share. Pentair plc. Ordinary Share was Upgraded by Bernstein to ” Outperform” on Apr 27, 2016. Pentair plc. Ordinary Share was Initiated by Susquehanna to “Positive” on Mar 24, 2016. Shares were Reiterated by Wedbush on Feb 3, 2016 to “Neutral” and Lowered the Price Target to $ 54 from a previous price target of $59 .

On the company’s financial health, Pentair plc. Ordinary Share reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.71. The company had revenue of $1575.50 million for the quarter, compared to analysts expectations of $1562.03 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Pentair plc. Ordinary Share opened for trading at $56.53 and hit $57.43 on the upside on Friday, eventually ending the session at $57.28, with a gain of 1.49% or 0.84 points. The heightened volatility saw the trading volume jump to 10,43,076 shares. Company has a market cap of $10,337 M.

In a different news, on Feb 23, 2016, Karl R. Frykman (President Aquatic Systems) sold 4,000 shares at $47.90 per share price. According to the SEC, on Dec 1, 2015, Glynis Bryan (director) sold 10,000 shares at $56.69 per share price. On Nov 18, 2015, William T Monahan (director) sold 7,005 shares at $55.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Pentair plc. Ordinary Share

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