Parker-Hannifin Corporation (PH)
NYSE: PH · IEX Real-Time Price · USD
510.03
+9.02 (1.80%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Parker-Hannifin Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Parker-Hannifin stock have an average target of 566.18, with a low estimate of 425 and a high estimate of 650. The average target predicts an increase of 11.01% from the current stock price of 510.03.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PH stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 7 | 7 | 7 |
| Buy | 7 | 6 | 6 | 6 | 7 | 7 |
| Hold | 4 | 5 | 5 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 16 | 16 | 17 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $629 | Strong Buy | Maintains | $629 | +23.33% | Jul 2, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $611 → $621 | Strong Buy | Maintains | $611 → $621 | +21.76% | Jul 2, 2024 |
| Raymond James | Raymond James | Buy Initiates $610 | Buy | Initiates | $610 | +19.60% | Jun 28, 2024 |
| Barclays | Barclays | Buy Maintains $618 → $610 | Buy | Maintains | $618 → $610 | +19.60% | Jun 4, 2024 |
| Mizuho | Mizuho | Hold → Strong Buy Upgrades $550 → $650 | Hold → Strong Buy | Upgrades | $550 → $650 | +27.44% | May 28, 2024 |
Financial Forecast
Revenue This Year
20.43B
from 19.07B
Increased by 7.14%
Revenue Next Year
21.31B
from 20.43B
Increased by 4.32%
EPS This Year
25.58
from 16.04
Increased by 59.48%
EPS Next Year
27.25
from 25.58
Increased by 6.52%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.9B | 22.3B | 23.6B | 24.9B | 26.3B |
| Avg | 20.4B | 21.3B | 22.6B | 23.9B | 25.8B |
| Low | 19.4B | 19.5B | 21.0B | 22.2B | 24.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.7% | 9.0% | 10.8% | 10.5% | 10.2% |
| Avg | 7.1% | 4.3% | 5.9% | 5.9% | 8.1% |
| Low | 1.6% | -4.6% | -1.3% | -1.7% | 2.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.25 | 28.40 | 31.50 | 33.34 | 35.73 |
| Avg | 25.58 | 27.25 | 29.98 | 32.40 | 35.05 |
| Low | 24.21 | 25.24 | 27.93 | 30.54 | 33.35 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 63.7% | 11.0% | 15.6% | 11.2% | 10.3% |
| Avg | 59.5% | 6.5% | 10.0% | 8.1% | 8.2% |
| Low | 50.9% | -1.3% | 2.5% | 1.9% | 2.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.