Pentair plc [PNR] stock is trading at $84.72, up 2.97%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PNR shares have gain 5.10% over the last week, with a monthly amount glided 13.52%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, Pentair to Present at J.P. Morgan Investor Conference. In a post published today on Yahoo Finance, Pentair plc (NYSE:PNR), a leader in helping the world sustainably move, improve, and enjoy water, life’s most essential resource, will be presenting at the J.P. Morgan Industrials Conference on March 12, 2024.
From an analyst’s perspective:
Pentair plc [NYSE: PNR] stock has seen the most recent analyst activity on March 12, 2024, when Exane BNP Paribas initiated its Neutral rating and assigned the stock a price target of $86. Previously, RBC Capital Mkts upgraded its rating to Outperform on January 12, 2024, and elevated its price target to $79. On January 11, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $76 on the stock. KeyBanc Capital Markets upgraded its rating to a Overweight but stick to its price target of $82 on December 13, 2023. Seaport Research Partners initiated its recommendation with a Buy and recommended $88 as its price target on August 07, 2023. Deutsche Bank started tracking with a Buy rating for this stock on June 29, 2023, and assigned it a price target of $75. In a note dated May 08, 2023, UBS upgraded an Buy rating on this stock and boosted its target price from $53 to $72.
Pentair plc [PNR] stock has fluctuated between $50.15 and $82.57 over the past year. Currently, Wall Street analysts expect the stock to reach $69 within the next 12 months. Pentair plc [NYSE: PNR] shares were valued at $84.72 at the most recent close of the market. An investor can expect a potential drop of -18.56% based on the average PNR price forecast.
Analyzing the PNR fundamentals
Pentair plc [NYSE:PNR] reported sales of 4.10B for the trailing twelve months, which represents a drop of -1.82%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.21 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 83.36 points at the first support level, and at 82.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.54, and for the 2nd resistance point, it is at 86.37.
Pentair plc [PNR] reported earnings per share of $0.87 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.86/share, meaning a difference of $0.01 and a surprise factor of 1.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.94 per share as compared to estimates of $0.87 per share, a difference of $0.07 representing a surprise of 8.00%.
Ratios To Look Out For
For context, Pentair plc’s Current Ratio is 1.65. As well, the Quick Ratio is 0.94, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 3.41, the price to book ratio is 4.35 and price to earnings (TTM) ratio is 22.63.
Transactions by insiders
Recent insider trading involved Rolchigo Philip M., EVP & Chief Technology Officer, that happened on Dec 14 ’23 when 2427.0 shares were sold. Director, JONES DAVID A /WI completed a deal on Dec 13 ’23 to sell 2260.0 shares. Meanwhile, Director GLENN T MICHAEL sold 2260.0 shares on Dec 01 ’23.
