Pentair plc. Ordinary Share (PNR) is Downgraded by Cowen to Underperform

Pentair plc. Ordinary Share (PNR) was Downgraded by Cowen to ” Underperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Cowen advised their investors in a research report released on Sep 1, 2016.

Many Wall Street Analysts have commented on Pentair plc. Ordinary Share. Company shares were Upgraded by Seaport Global Securities on Jun 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $59 .

On the company’s financial health, Pentair plc. Ordinary Share reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.10. The company had revenue of $1733.30 million for the quarter, compared to analysts expectations of $1719.98 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Pentair plc. Ordinary Share opened for trading at $63.84 and hit $65.02 on the upside on Monday, eventually ending the session at $64.78, with a gain of 1.70% or 1.08 points. The heightened volatility saw the trading volume jump to 11,52,454 shares. Company has a market cap of $11,731 M.

In a different news, on Aug 25, 2016, John L Stauch (Executive Vice President, CFO) sold 112,500 shares at $65.30 per share price. According to the SEC, on Aug 25, 2016, Mark C Borin (Chief Acctg Office-Controller) sold 13,326 shares at $65.19 per share price. On Aug 15, 2016, William T Monahan (director) sold 10,000 shares at $65.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Pentair plc. Ordinary Share

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