At the time of writing, Parker-Hannifin Corp [PH] stock is trading at $656.32, up 1.44%. An important factor to consider is whether the stock is rising or falling in short-term value. The PH shares have gain 3.32% over the last week, with a monthly amount drifted -3.85%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Parker-Hannifin Corp [NYSE: PH] stock has seen the most recent analyst activity on December 12, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $786 for it. Previously, Stifel downgraded its rating to Hold on November 18, 2024, and kept the price target unchanged to $691. On November 13, 2024, UBS initiated with a Buy rating and assigned a price target of $842 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $610 on June 28, 2024. Mizuho upgraded its rating to a Buy and raised its price target to $650 on May 28, 2024. Truist started tracking with a Buy rating for this stock on March 14, 2024, and assigned it a price target of $602. In a note dated March 01, 2024, TD Cowen upgraded an Market Perform rating on this stock and boosted its target price from $300 to $500.
For the past year, the stock price of Parker-Hannifin Corp fluctuated between $453.18 and $712.42. Currently, Wall Street analysts expect the stock to reach $707 within the next 12 months. Parker-Hannifin Corp [NYSE: PH] shares were valued at $656.32 at the most recent close of the market. An investor can expect a potential return of 7.72% based on the average PH price forecast.
Analyzing the PH fundamentals
According to Parker-Hannifin Corp [NYSE:PH], the company’s sales were 19.99B for trailing twelve months, which represents an 1.17% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.2%, 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 0.24 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.
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 651.56 points at the first support level, and at 646.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 665.10, and for the 2nd resistance point, it is at 673.88.
Ratios To Look Out For
It is important to note that Parker-Hannifin Corp [NYSE:PH] has a current ratio of 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 4.23, the price to book ratio is 6.55 and price to earnings (TTM) ratio is 29.63.
Transactions by insiders
Recent insider trading involved SCAMINACE JOSEPH, Director, that happened on Nov 15 ’24 when 663.0 shares were sold. Director, SCAMINACE JOSEPH completed a deal on Nov 15 ’24 to sell 458.0 shares. Meanwhile, Director Joseph Scaminace Revocable Tru bought 663.0 shares on Nov 15 ’24.
