Parker-Hannifin (PH) Stock Forecast & Price Target

$438.63

+4.86 (+1.12%)

(As of 12/8/2023 ET)

Today's Range: $432.91
▼
$440.03
50-Day Range: $366.24
▼
$440.22
52-Week Range: $281.19
▼
$443.91

Volume: 858,426 shs
Average Volume: 505,628 shs
Market Capitalization: $56.36 billion

P/E Ratio: 24.35
Dividend Yield: 1.35%
Price Target: $452.86

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 12 Analyst Ratings

Analysts' Consensus Price Target

$452.86
3.24% Upside

High Forecast	$506.00
Average Forecast	$452.86
Low Forecast	$405.00

Type	Current Forecast 12/10/22 to 12/10/23	1 Month Ago 11/10/22 to 11/10/23	3 Months Ago 9/11/22 to 9/11/23	1 Year Ago 12/10/21 to 12/10/22
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	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	5 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	$452.86	$450.71	$434.57	$314.60
Predicted Upside	3.24% Upside	15.97% Upside	14.89% Upside	19.56% 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	2.75	2.58	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	3.24% Upside	144.77% Upside	3,819.11% 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
12/4/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$500.00	+13.83%
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%
10/9/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$465.00 ➝ $425.00	+8.50%
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	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$425.00 ➝ $470.00	+11.82%
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.
8/4/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$390.00 ➝ $460.00	+10.43%
8/4/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$450.00 ➝ $460.00	+10.00%
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%
5/9/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$413.00 ➝ $440.00	+31.41%
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 Sunday at 12:02 PM ET.

PH Price Target - Frequently Asked Questions

What is Parker-Hannifin's consensus rating and price target?: According to the issued ratings of 12 analysts in the last year, the consensus rating for Parker-Hannifin stock is Moderate Buy based on the current 3 hold ratings and 9 buy ratings for PH. The average twelve-month price prediction for Parker-Hannifin is $452.86 with a high price target of $506.00 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 2.75 while the average consensus rating score for industrial products companies is 2.58. 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 2 upgrades by analysts.

Does Parker-Hannifin's stock price have much upside?: According to analysts, Parker-Hannifin's stock has a predicted upside of 15.66% based on their 12-month stock forecasts.
What analysts cover Parker-Hannifin?: Parker-Hannifin has been rated by Bank of America, Deutsche Bank Aktiengesellschaft, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:PH) was last updated on 12/10/2023 by MarketBeat.com Staff

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