Parker-Hannifin Corp (NYSE:PH) rose 1.87% during previous trade. BofA/Merrill issued rating on the stock of Parker-Hannifin Corp (NYSE:PH) in a research note issued to investors on Feb-15-17, the stock received “Upgrade” rating from Neutral to Buy. Additionally Argus issued their verdict on the stock of the company, on record date of Feb-07-17 the stock was “Upgraded” from Hold to Buy besides that on Jan-13-17 Parker-Hannifin Corp (NYSE:PH) was “Upgraded” by BMO Capital Markets from Market Perform to Outperform from $125 to $175. Furthermore on Dec-09-16 the stock was “Initiated” by Aegis Capital as Hold at $160.
Parker-Hannifin Corp (NYSE:PH) shares ended last trading session at the price of $155.49 whereas a number of traders indicating mean target price will hit $158.27 over the next twelve months, mean value of price target most recently revised on 02/08/17. Parker-Hannifin Corp (NYSE:PH)’s highest estimates of price target are $185 and low forecast is $110 based on the opinion of 15 analysts. The price target estimates represents a standard deviation of 24.92. However brokerage recommendations suggests an ABR of 2.00 based on calls of 16 experts, where 8 brokers polls the stock a Strong Buy, 0 suggest the stock a Buy, 8 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell.
Parker-Hannifin Corp (NYSE:PH) is expected to release the earnings of its current quarter on 4/25/17. The company is expected to release $1.82 EPS for current quarter according to 18 analysts whereas the company reported $1.51 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $1.7 and high estimate of $2.2. For the current year Parker-Hannifin Corp (NYSE:PH) has set to release EPS of $7.33 as per the sentiments of 20 analysts, however according to 19 analysts, the company expected to release $7.85EPS for next year.
Parker-Hannifin Corp (NYSE:PH)’s average revenue estimates for the current quarter are $2.9B according to 16 number of analysts. However its lowest revenue estimates are $2.83B and highest revenue estimates are $3.01B. A year ago the company’s sales were $2.83B. Its yearly sales growth estimates are 2.40%. For the next quarter the company has anticipated average revenues of $3.05B, according to the sentiments of 16 analysts. For the current year the company has fixed $11.36B revenues, as per the opinion of 18 analysts. For the current year the company has low revenue estimates of $11.23B in contradiction of high revenue estimates of $11.85B. Whereas for the next year revenues are set at $11.75B by 16 analysts.
The stock exchanged hands 1.76M shares versus average trading capacity of 1.10M shares, while its shares’ total market worth is $20.75B along with 133.29M outstanding shares. However the company observed 52 week high price on 02/15/17 and witnessed 52 week low price on 02/19/16. The company’s price sits 7.98% above from its 50-day moving average of $145.92` and 24.57% far from the stock’s 200-day moving average which is $132.61. Parker-Hannifin Corp (NYSE:PH)’s price to sales ratio for trailing twelve month stands at 1.84, whereas its price to book ratio for most recent quarter sits at 4.58. However the company’s price to cash per share for most recent quarter stands at 9.34. Its price to free cash flow for trailing twelve months is 32.85.