Parker-Hannifin (PH) Stock Forecast & Price Target

$686.09 +8.16 (+1.20%)

(As of 12/11/2024 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

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
2

Buy
14

Based on 16 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 16 analysts, 2 have given a hold rating, and 14 have given a buy rating for PH.

Consensus Price Target

$704.88
2.74% Upside

According to the 16 analysts' twelve-month price targets for Parker-Hannifin, the average price target is $704.88. 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 2.74% from the current price of $686.09.

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PH Analyst Ratings Over Time

Type	Current Forecast 12/12/23 to 12/11/24	1 Month Ago 11/12/23 to 11/11/24	3 Months Ago 9/13/23 to 9/12/24	1 Year Ago 12/12/22 to 12/12/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	9 Buy rating(s)
Hold	2 Hold rating(s)	2 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	$704.88	$673.14	$624.43	$452.86
Forecasted Upside	2.74% Upside	-4.94% Downside	6.28% Upside	2.73% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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	2.88	2.58	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	2.74% Upside	34.91% Upside	9.52% Upside
News Sentiment Rating	Positive News See Recent PH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/6/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$765.00 ➝ $810.00	+16.58%
12/5/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$703.00 ➝ $800.00	+15.09%
11/21/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$725.00 ➝ $775.00	+12.25%
11/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$691.00 ➝ $691.00	-1.13%
11/13/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Mehrotra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$842.00	+20.43%
11/12/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$520.00 ➝ $575.00	-17.90%
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.
11/5/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$650.00 ➝ $710.00	+9.24%
11/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$695.00 ➝ $710.00	+11.91%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Linzey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$665.00 ➝ $715.00	+12.16%
10/9/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$673.00 ➝ $788.00	+24.62%
10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$640.00 ➝ $710.00	+12.75%
9/4/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$610.00 ➝ $650.00	+12.97%
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$620.00 ➝ $656.00	+12.53%
8/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$595.00 ➝ $645.00	+13.42%
5/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $650.00	+20.46%
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%
12/11/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Peer Perform
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%
7/18/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$370.00 ➝ $425.00	+4.27%
5/9/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$390.00 ➝ $405.00	+19.91%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$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 Wednesday at 11:37 PM 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 Wednesday, December 4, 2024. Please send any questions or comments about these Parker-Hannifin pros and cons to contact@marketbeat.com.

Parker-Hannifin
Bull Case

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

The current stock price is $706.92, reflecting a recent increase of 0.4%, indicating positive market sentiment and potential for further growth.
Parker-Hannifin Co. reported earnings of $6.20 per share for the latest quarter, surpassing analyst expectations, which demonstrates strong financial performance and effective management.
The company has a solid return on equity of 27.95%, suggesting efficient use of shareholders' equity to generate profits, which is attractive to investors looking for strong returns.
Recent upgrades from analysts, including a target price increase to $691.00, indicate confidence in the company's future performance and potential for stock appreciation.
Parker-Hannifin Co. has declared a quarterly dividend of $1.63, translating to an annual yield of 0.92%, providing a steady income stream for investors.

Parker-Hannifin
Bear Case

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

Insider selling has been notable, with a vice president selling 5,877 shares recently, which may raise concerns about the company's future prospects from those within the organization.
The company's debt-to-equity ratio stands at 0.52, which, while manageable, indicates that the company is using some leverage that could pose risks in a rising interest rate environment.
Despite a recent increase in revenue, the year-over-year growth is modest at 1.2%, suggesting that the company may face challenges in significantly expanding its market share.
Analysts have mixed ratings, with three holding a "hold" rating, which may indicate uncertainty about the stock's short-term performance.
The stock's price-to-earnings (P/E) ratio of 31.93 is relatively high, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.

PH Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Parker-Hannifin is $704.88, with a high forecast of $842.00 and a low forecast of $551.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 2 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PH shares.
: According to analysts, Parker-Hannifin's stock has a predicted upside of 2.74% based on their 12-month stock forecasts.
: Over the previous 90 days, Parker-Hannifin's stock had 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, and Wells Fargo & Company 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 2.58. Learn more on how PH compares to other companies.

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This page (NYSE:PH) was last updated on 12/11/2024 by MarketBeat.com Staff

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Parker-Hannifin (PH) Stock Forecast & Price Target