Parker-Hannifin Corp (NYSE:PH) was upgraded by research analysts at Susquehanna to a “neutral” rating in a report released on Friday, StockRatingsNetwork reports. The firm currently has a $15.00 price target on the stock, down from their previous price target of $16.00. Susquehanna’s target price suggests a potential downside of 85.21% from the stock’s previous close.
Parker-Hannifin Corp (NYSE: PH) traded down 0.32% on Friday, hitting $101.09. Parker-Hannifin Corp has a 52-week low of $75.80 and a 52-week high of $103.81. The stock’s 50-day moving average is currently $98.07. The company has a market cap of $15.088 billion and a price-to-earnings ratio of 15.78.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Parker-Hannifin Corp in a research note to investors on Monday. They now have a $108.00 price target on the stock. Separately, analysts at Robert W. Baird downgraded shares of Parker-Hannifin Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 10th. They now have a $101.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Parker-Hannifin Corp in a research note to investors on Tuesday, May 28th.
One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $89.36.
Parker-Hannifin Corporation (NYSE: PH) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.