Pentair plc [PNR] stock prices are up 2.78% to $88.50 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PNR shares have gain 12.25% over the last week, with a monthly amount glided 17.87%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pentair plc [NYSE: PNR] stock has seen the most recent analyst activity on July 19, 2024, when Northcoast downgraded its rating to a Neutral. Previously, Northcoast upgraded its rating to Buy on April 15, 2024, and kept the price target unchanged to $100. On March 22, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $91 on the stock. Exane BNP Paribas started tracking the stock assigning a Neutral rating and suggested a price target of $86 on March 12, 2024. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $79 on January 12, 2024. BofA Securities upgraded its rating to Neutral for this stock on January 11, 2024, and upped its price target to $76. In a note dated December 13, 2023, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $82.
The stock price of Pentair plc [PNR] has been fluctuating between $57.18 and $88.47 over the past year. Currently, Wall Street analysts expect the stock to reach $86.54 within the next 12 months. Pentair plc [NYSE: PNR] shares were valued at $88.50 at the most recent close of the market. An investor can expect a potential drop of -2.21% based on the average PNR price forecast.
Analyzing the PNR fundamentals
The Pentair plc [NYSE:PNR] reported sales of 4.11B for trailing twelve months, representing a surge of 1.55%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
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 87.43 points at the first support level, and at 86.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.27, and for the 2nd resistance point, it is at 90.04.
Ratios To Look Out For
It’s worth pointing out that Pentair plc [NYSE:PNR]’s Current Ratio is 1.65. Further, the Quick Ratio stands at 0.96, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 3.56, the price to book ratio is 4.27 and price to earnings (TTM) ratio is 22.40.
Transactions by insiders
Recent insider trading involved Pedretti Jerome O, EVP & CEO, Pool, that happened on May 22 ’24 when 24747.0 shares were sold. EVP & Chief Technology Officer, Rolchigo Philip M. completed a deal on Dec 14 ’23 to sell 2427.0 shares. Meanwhile, Director JONES DAVID A /WI sold 2260.0 shares on Dec 13 ’23.
