In a report released on May 22, Joe O’Dea from Wells Fargo maintained a Buy rating on Parker Hannifin, with a price target of $980.00. The company’s shares closed last Friday at $866.96.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
O’Dea covers the Industrials sector, focusing on stocks such as 3M, Acuity Brands, and Dover. According to TipRanks, O’Dea has an average return of 10.1% and a 56.92% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parker Hannifin with a $1,041.00 average price target, implying a 20.07% upside from current levels. In a report released on May 22, Barclays also maintained a Buy rating on the stock with a $1,020.00 price target.
Based on Parker Hannifin’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.49 billion and a net profit of $904 million. In comparison, last year the company earned a revenue of $4.96 billion and had a net profit of $960.87 million
