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Parker-Hannifin (PH) Stock Forecast & Price Target

Parker-Hannifin logo
$647.20 +7.93 (+1.24%)
(As of 12/20/2024 05:31 PM ET)

Parker-Hannifin - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
2
Buy
15

Based on 17 Wall Street analysts who have issued ratings for Parker-Hannifin in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 2 have given a hold rating, and 15 have given a buy rating for PH.

Consensus Price Target

$712.82
10.14% Upside
According to the 17 analysts' twelve-month price targets for Parker-Hannifin, the average price target is $712.82. The highest price target for PH is $842.00, while the lowest price target for PH is $551.00. The average price target represents a forecasted upside of 10.14% from the current price of $647.20.
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PH Analyst Ratings Over Time

TypeCurrent Forecast
12/22/23 to 12/21/24
1 Month Ago
11/22/23 to 11/21/24
3 Months Ago
9/23/23 to 9/22/24
1 Year Ago
12/22/22 to 12/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
15 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
9 Buy rating(s)
Hold
2 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$712.82$691.40$624.43$458.93
Forecasted Upside10.14% Upside-1.61% Downside0.11% Upside0.16% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

PH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Parker-Hannifin Stock vs. The Competition

TypeParker-HannifinIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.88
2.60
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside10.14% Upside47.17% Upside14.54% Upside
News Sentiment Rating
Positive News

See Recent PH News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/19/2024Truist Financial
2 of 5 stars
 Boost TargetBuy ➝ Buy$788.00 ➝ $842.00+31.05%
12/12/2024Wolfe Research
3 of 5 stars
N. Coe
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UpgradePeer Perform ➝ Outperform$786.00+14.56%
12/6/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$765.00 ➝ $810.00+16.58%
12/5/2024Barclays
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 Boost TargetOverweight ➝ Overweight$703.00 ➝ $800.00+15.09%
11/21/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$725.00 ➝ $775.00+12.25%
11/18/2024Stifel Nicolaus
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 DowngradeBuy ➝ Hold$691.00 ➝ $691.00-1.13%
11/13/2024UBS Group
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A. Mehrotra
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Initiated CoverageBuy$842.00+20.43%
11/12/2024TD Cowen
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 Boost TargetHold ➝ Hold$520.00 ➝ $575.00-17.90%
11/5/2024Argus
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 Boost TargetBuy ➝ Buy$650.00 ➝ $710.00+9.24%
11/1/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$695.00 ➝ $710.00+11.91%
10/17/2024Mizuho
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B. Linzey
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Boost TargetOutperform ➝ Outperform$665.00 ➝ $715.00+12.16%
10/7/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$640.00 ➝ $710.00+12.75%
9/4/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$610.00 ➝ $650.00+12.97%
8/19/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$620.00 ➝ $656.00+12.53%
8/9/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$595.00 ➝ $645.00+13.42%
5/17/2024Bank of America
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 Boost TargetBuy ➝ Buy$600.00 ➝ $650.00+20.46%
1/2/2024The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Buy$551.00+20.10%
8/7/2023Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$408.00 ➝ $448.00+5.42%
7/18/2023Citigroup
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 Boost TargetNeutral$370.00 ➝ $425.00+4.27%
5/9/2023BMO Capital Markets
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 Boost Target$390.00 ➝ $405.00+19.91%
2/3/2023Credit Suisse Group
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 Boost TargetOutperform$417.00 ➝ $446.00+32.13%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:40 AM ET.


Should I Buy Parker-Hannifin Stock? PH Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, December 17, 2024. Please send any questions or comments about these Parker-Hannifin pros and cons to contact@marketbeat.com.

Parker-Hannifin
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Parker-Hannifin Co.:

  • The company reported a strong earnings per share (EPS) of $6.20 for the latest quarter, surpassing the consensus estimate of $6.14, indicating robust financial performance.
  • Parker-Hannifin Co. has a market capitalization of approximately $86.48 billion, reflecting its significant size and stability in the industrial sector.
  • Insider trading activity shows confidence, with recent sales by executives indicating a strategic reallocation rather than a lack of faith in the company's future.
  • The current stock price is $671.82, which is relatively close to its twelve-month high of $712.42, suggesting potential for growth.
  • Institutional investors and hedge funds own 82.44% of the company's stock, indicating strong institutional confidence and support for Parker-Hannifin Co.

Parker-Hannifin
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Parker-Hannifin Co. for these reasons:

  • The stock has recently decreased by 1.6%, which may indicate short-term volatility and investor uncertainty.
  • Insiders have sold a total of 18,077 shares worth $12,303,829 in the last three months, which could raise concerns about the company's future prospects.
  • The company has a quick ratio of 0.57, suggesting potential liquidity issues, as it indicates that current assets may not be sufficient to cover current liabilities.
  • Parker-Hannifin Co. has a price-to-earnings (P/E) ratio of 30.34, which is relatively high and may suggest that the stock is overvalued compared to its earnings.
  • The company operates in a competitive industrial market, which may pose risks to maintaining its market position and profitability.

PH Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Parker-Hannifin is $712.82, with a high forecast of $842.00 and a low forecast of $551.00.

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last twelve months. There are currently 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PH shares.

According to analysts, Parker-Hannifin's stock has a predicted upside of 10.14% based on their 12-month stock forecasts.

Over the previous 90 days, Parker-Hannifin's stock had 1 upgrade and 1 downgrade by analysts.

Parker-Hannifin has been rated by research analysts at Argus, Barclays, Jefferies Financial Group, KeyCorp, Mizuho, Robert W. Baird, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Analysts like Parker-Hannifin more than other "industrial products" companies. The consensus rating score for Parker-Hannifin is 2.88 while the average consensus rating score for "industrial products" companies is 2.60. Learn more on how PH compares to other companies.


This page (NYSE:PH) was last updated on 12/21/2024 by MarketBeat.com Staff
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