Short Term Rating on Parker-Hannifin Corporation (PH)

Parker-Hannifin Corporation (PH) : Zacks Investment Research ranks Parker-Hannifin Corporation (PH) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.71, which indicates as a Hold.

Parker-Hannifin Corporation (PH) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $126 and the lowest price target forecast is $98. The average forecast of all the analysts is $111.7 and the expected standard deviation is $10.2.

Company shares have received an average consensus rating of Hold for the current week


Parker-Hannifin Corporation (NYSE:PH): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.83 and $112.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $113.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.25, notching a gain of 1.22% for the day. The total traded volume was 1,054,043 . The stock had closed at $111.89 on the previous day.

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.

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