Parker-Hannifin Corporation (PH) has an average broker rating of 2.71, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Parker-Hannifin Corporation (PH) : 10 Wall Street analysts covering Parker-Hannifin Corporation (PH) believe that the average level the stock could reach for the short term is $111.7. The maximum price target given is $126 and the minimum target for short term is around $98, hence the standard deviation is calculated at $10.2.
Parker-Hannifin Corporation (NYSE:PH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.85 and $105.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $108.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $108.39, notching a gain of 1.23% for the day. The total traded volume was 1,862,357 . The stock had closed at $107.07 on the previous day.
Also, Equity Analysts at the Brokerage Firm, JP Morgan, downgrades their rating on the shares of Parker-Hannifin Corporation (NYSE:PH). JP Morgan has a Underweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $98 per share from a prior target of $110. The rating by the firm was issued on June 27, 2016. The company shares have dropped -5.04% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $117.78 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $111.51 and the 200 Day Moving Average price is recorded at $105.95.
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.