Pentair plc. Ordinary Share (PNR) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $55 . RBC Capital Mkts 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. Company shares were Downgraded by UBS on Apr 27, 2016 to ” Neutral”, Firm has raised the Price Target to $ 70 from a previous price target of $48 .Pentair plc. Ordinary Share was Initiated by Susquehanna to “Positive” on Mar 24, 2016.
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.