Parker-Hannifin (PH) Stock Forecast & Price Target

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$541.08

-2.29 (-0.42%)

(As of 10:17 AM ET)

Parker-Hannifin Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings

Analysts' Consensus Price Target

$515.38
-4.75% Downside

High Forecast	$640.00
Average Forecast	$515.38
Low Forecast	$405.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$515.38	$504.56	$465.07	$371.08
Predicted Upside	-4.75% Downside	9.82% Upside	14.41% Upside	13.70% Upside

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PH Analyst Ratings 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.

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.

Parker-Hannifin Stock vs. The Competition

Type	Parker-Hannifin	Industrial Products Companies	S&P 500
Consensus Rating Score	2.71	2.55	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-5.15% Downside	115.52% Upside	11.21% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/11/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$575.00 ➝ $640.00	+15.28%
4/3/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$588.00 ➝ $629.00	+14.90%
4/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$558.00 ➝ $625.00	+14.34%
3/14/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$602.00	+11.57%
3/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Market Perform	$300.00 ➝ $500.00	-6.62%
2/20/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$505.00 ➝ $590.00	+14.50%
Get the Latest News and Ratings for PH and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Parker-Hannifin and its competitors with MarketBeat's FREE daily newsletter.
1/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$551.00	+20.10%
12/19/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$450.00 ➝ $510.00	+12.46%
12/11/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Peer Perform
11/9/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$462.00 ➝ $506.00	+23.25%
10/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$435.00 ➝ $475.00	+23.51%
8/7/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$408.00 ➝ $448.00	+5.42%
8/4/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$390.00 ➝ $460.00	+10.43%
8/3/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$436.00 ➝ $465.00	+11.20%
7/18/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	$370.00 ➝ $425.00	+4.27%
7/7/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$335.00 ➝ $415.00	+9.51%
5/9/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$390.00 ➝ $405.00	+19.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:34 AM ET.

PH Price Target - Frequently Asked Questions

What is Parker-Hannifin's consensus rating and price target?: According to the issued ratings of 14 analysts in the last year, the consensus rating for Parker-Hannifin stock is Moderate Buy based on the current 4 hold ratings and 10 buy ratings for PH. The average twelve-month price prediction for Parker-Hannifin is $515.38 with a high price target of $640.00 and a low price target of $405.00. Learn more on PH's analyst rating history.
Do Wall Street analysts like Parker-Hannifin more than its competitors?: Analysts like Parker-Hannifin more than other Industrial Products companies. The consensus rating score for Parker-Hannifin is 2.71 while the average consensus rating score for industrial products companies is 2.55. Learn more on how PH compares to other companies.
Is Parker-Hannifin being upgraded by Wall Street analysts?: Over the previous 90 days, Parker-Hannifin's stock had 1 upgrade by analysts.

Does Parker-Hannifin's stock price have much upside?: According to analysts, Parker-Hannifin's stock has a predicted upside of 10.48% based on their 12-month stock forecasts.
What analysts cover Parker-Hannifin?: Parker-Hannifin has been rated by Barclays, Evercore ISI, KeyCorp, Stifel Nicolaus, TD Cowen, and Truist Financial in the past 90 days.

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This page (NYSE:PH) was last updated on 4/16/2024 by MarketBeat.com Staff

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Parker-Hannifin (PH) Stock Forecast & Price Target

Parker-Hannifin Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

PH Analyst Ratings By Month

PH Price Targets by Month

Parker-Hannifin Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

PH Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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