Parker-Hannifin Corporation (PH)
NYSE: PH · IEX Real-Time Price · USD
553.64
+4.26 (0.78%)
Apr 26, 2024, 4:00 PM EDT - Market closed
Parker-Hannifin Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Parker-Hannifin stock have an average target of 513.73, with a low estimate of 335 and a high estimate of 640. The average target predicts a decrease of -7.21% from the current stock price of 553.64.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PH stock from 16 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 5 | 5 |
| Buy | 7 | 7 | 7 | 7 | 6 | 6 |
| Hold | 3 | 4 | 4 | 4 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 15 | 15 | 15 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $575 → $640 | Buy | Maintains | $575 → $640 | +15.60% | Apr 11, 2024 |
| Stifel | Stifel | Strong Buy Maintains $588 → $629 | Strong Buy | Maintains | $588 → $629 | +13.61% | Apr 3, 2024 |
| Barclays | Barclays | Buy Maintains $558 → $625 | Buy | Maintains | $558 → $625 | +12.89% | Apr 2, 2024 |
| Truist Securities | Truist Securities | Strong Buy Initiates $602 | Strong Buy | Initiates | $602 | +8.73% | Mar 14, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $588 | Strong Buy | Reiterates | $588 | +6.21% | Mar 5, 2024 |
Financial Forecast
Revenue This Year
20.47B
from 19.07B
Increased by 7.37%
Revenue Next Year
21.43B
from 20.47B
Increased by 4.69%
EPS This Year
25.16
from 16.04
Increased by 56.86%
EPS Next Year
27.17
from 25.16
Increased by 7.98%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.1B | 22.2B | 23.5B | 25.1B | 26.4B |
| Avg | 20.5B | 21.4B | 22.5B | 24.5B | 25.9B |
| Low | 19.4B | 20.1B | 20.9B | 23.2B | 24.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.7% | 8.5% | 9.6% | 11.8% | 7.8% |
| Avg | 7.4% | 4.7% | 4.9% | 9.1% | 5.8% |
| Low | 1.6% | -1.9% | -2.5% | 3.2% | 0.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.94 | 28.51 | 32.24 | 33.16 | 35.40 |
| Avg | 25.16 | 27.17 | 29.78 | 32.39 | 34.72 |
| Low | 23.72 | 24.89 | 26.12 | 30.68 | 33.04 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 61.7% | 13.3% | 18.7% | 11.4% | 9.3% |
| Avg | 56.9% | 8.0% | 9.6% | 8.8% | 7.2% |
| Low | 47.9% | -1.1% | -3.9% | 3.0% | 2.0% |
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.