A share price of Parker-Hannifin Corp [PH] is currently trading at $638.00, up 0.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The PH shares have gain 2.30% over the last week, with a monthly amount glided 1.16%, 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.
Parker-Hannifin Corp experienced fluctuations in its stock price throughout the past year between $395.00 and $646.60. Currently, Wall Street analysts expect the stock to reach $524.93 within the next 12 months. Parker-Hannifin Corp [NYSE: PH] shares were valued at $638.00 at the most recent close of the market. An investor can expect a potential drop of -17.72% based on the average PH price forecast.
Analyzing the PH fundamentals
Trailing Twelve Months sales for Parker-Hannifin Corp [NYSE:PH] were 19.99B which represents 1.17% growth. 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 0.23 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
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 631.61 points at the first support level, and at 625.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 643.17, and for the 2nd resistance point, it is at 648.34.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Parker-Hannifin Corp [NYSE:PH] is 0.96. On the other hand, the Quick Ratio is 0.57, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.11, the price to book ratio is 6.80 and price to earnings (TTM) ratio is 28.81.
Transactions by insiders
Recent insider trading involved James Verrier, Director, that happened on Nov 04 ’24 when 1300.0 shares were purchased. Officer, Angela Ives completed a deal on Nov 01 ’24 to buy 187.0 shares. Meanwhile, Officer Joseph Leonti bought 5877.0 shares on Nov 01 ’24.
