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Parker-Hannifin (PH) Stock Forecast & Price Target

$537.90
+9.74 (+1.84%)
(As of 07/12/2024 ET)

Parker-Hannifin - Analysts' Recommendations 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.

Consensus Rating

Consensus Price Target

$567.81
5.56% Upside
High Forecast$650.00
Average Forecast$567.81
Low Forecast$425.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
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
13 Buy rating(s)
12 Buy rating(s)
10 Buy rating(s)
6 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 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$567.81$566.33$515.38$413.85
Forecasted Upside5.56% Upside13.16% Upside10.48% Upside18.67% Upside
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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
2.76
2.54
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside5.56% Upside41.13% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$630.00 ➝ $600.00+16.16%
7/2/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$629.00 ➝ $629.00+24.40%
7/2/2024Truist Financial
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 Boost TargetBuy ➝ Buy$611.00 ➝ $621.00+23.95%
6/28/2024Raymond James
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 Initiated CoverageOutperform$610.00+20.98%
6/4/2024Barclays
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 Lower TargetOverweight ➝ Overweight$618.00 ➝ $610.00+19.42%
5/28/2024Mizuho
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B. Linzey
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UpgradeNeutral ➝ Buy$550.00 ➝ $650.00+22.68%
5/17/2024Bank of America
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 Boost TargetBuy ➝ Buy$600.00 ➝ $650.00+20.46%
5/6/2024Argus
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 Boost TargetBuy ➝ Buy$550.00 ➝ $590.00+7.29%
4/11/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$575.00 ➝ $640.00+15.28%
3/1/2024TD Cowen
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 UpgradeUnderperform ➝ Market Perform$300.00 ➝ $500.00-6.62%
2/20/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$505.00 ➝ $590.00+14.50%
1/2/2024The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Buy$551.00+20.10%
12/11/2023Wolfe Research
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 Reiterated RatingOutperform ➝ Peer Perform
11/9/2023Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy$462.00 ➝ $506.00+23.25%
8/7/2023Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$408.00 ➝ $448.00+5.42%
8/3/2023Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$436.00 ➝ $465.00+11.20%
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 06:43 PM ET.

PH Forecast - Frequently Asked Questions

What is Parker-Hannifin's forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Parker-Hannifin is $567.81, with a high forecast of $650.00 and a low forecast of $425.00.

Should I buy or sell Parker-Hannifin stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PH shares.

Does Parker-Hannifin's stock price have much upside?

According to analysts, Parker-Hannifin's stock has a predicted upside of 15.24% based on their 12-month stock forecasts.

Has Parker-Hannifin been upgraded by Wall Street analysts recently?

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

What analysts cover Parker-Hannifin?

Parker-Hannifin has been rated by research analysts at Argus, Bank of America, Barclays, Mizuho, Raymond James, Stifel Nicolaus, Truist Financial, and Wells Fargo & Company in the past 90 days.

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 2.76 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how PH compares to other companies.


This page (NYSE:PH) was last updated on 7/13/2024 by MarketBeat.com Staff

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