Parker-Hannifin Corporation (NYSE:PH) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.71 by 14 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 12 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Avondale Partners initiates coverage on Parker-Hannifin Corporation (NYSE:PH).The analysts at the brokerage house have a current rating of Market Perform on the shares. In a recent information released to the investors, Avondale Partners announces the price target of $120 per share. The rating by the firm was issued on April 7, 2016.
Parker-Hannifin Corporation (NYSE:PH): 9 Analyst have given the stock of Parker-Hannifin Corporation (NYSE:PH) a near short term price target of $113.22. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $9.54. The higher price target estimate is at $126 while the lower price estimates are fixed at $100.
Parker-Hannifin Corporation (NYSE:PH) witnessed a decline in the market cap on Tuesday as its shares dropped 0.34% or 0.39 points. After the session commenced at $113.85, the stock reached the higher end at $113.85 while it hit a low of $113.03. With the volume soaring to 810,093 shares, the last trade was called at $113.39. The company has a 52-week high of $119.68. The company has a market cap of $15,272 million and there are 134,681,480 shares in outstanding. The 52-week low of the share price is $83.32.
Shares of Parker-Hannifin Corporation rose by 1.34% in the last five trading days and 3.58% for the last 4 weeks. Parker-Hannifin Corporation is up 1.74% in the last 3-month period. Year-to-Date the stock performance stands at 18.32%.
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.