At the time of writing, Parker-Hannifin Corp. [PH] stock is trading at $626.05, up 2.79%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PH shares have gain 6.55% over the last week, with a monthly amount glided 7.52%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Parker-Hannifin Corp. [NYSE: PH] stock has seen the most recent analyst activity on June 28, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $610. Previously, Mizuho upgraded its rating to Buy on May 28, 2024, and elevated its price target to $650. On March 14, 2024, Truist initiated with a Buy rating and assigned a price target of $602 on the stock. TD Cowen upgraded its rating to a Market Perform and increased its price target to $500 on March 01, 2024. Wolfe Research downgraded its rating to a Peer Perform. Deutsche Bank upgraded its rating to Buy for this stock on November 09, 2023, and upped its price target to $506. In a note dated October 05, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $435 to $475.
For the past year, the stock price of Parker-Hannifin Corp. fluctuated between $362.49 and $619.86. Currently, Wall Street analysts expect the stock to reach $517.79 within the next 12 months. Parker-Hannifin Corp. [NYSE: PH] shares were valued at $626.05 at the most recent close of the market. An investor can expect a potential drop of -17.29% based on the average PH price forecast.
Analyzing the PH fundamentals
According to Parker-Hannifin Corp. [NYSE:PH], the company’s sales were 19.93B for trailing twelve months, which represents an 1.78% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.25 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.88.
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 619.05 points at the first support level, and at 612.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 630.18, and for the 2nd resistance point, it is at 634.30.
Ratios To Look Out For
It is important to note that Parker-Hannifin Corp. [NYSE:PH] has a current ratio of 0.93. Also, the Quick Ratio is 0.55, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 4.04, the price to book ratio is 6.67 and price to earnings (TTM) ratio is 28.72.
Transactions by insiders
Recent insider trading involved Bracht Berend, VP & Pres.- Motion Sys. Grp., that happened on Aug 26 ’24 when 850.0 shares were sold. Chief Executive Officer, Parmentier Jennifer A completed a deal on Aug 22 ’24 to sell 2641.0 shares. Meanwhile, Officer Bracht Berend bought 850.0 shares on Aug 26 ’24.
