7 analysts have shared their evaluations of Parker Hannifin (NYSE:PH) during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Parker Hannifin, revealing an average target of $528.57, a high estimate of $575.00, and a low estimate of $500.00. This current average reflects an increase of 7.3% from the previous average price target of $492.60.

Deciphering Analyst Ratings: An In-Depth Analysis

In examining recent analyst actions, we gain insights into how financial experts perceive Parker Hannifin. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Parker Hannifin's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Parker Hannifin analyst ratings.

Discovering Parker Hannifin: A Closer Look

Unraveling the Financial Story of Parker Hannifin

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Revenue Growth: Parker Hannifin's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 14.52%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.

Net Margin: Parker Hannifin's net margin excels beyond industry benchmarks, reaching 13.43%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Parker Hannifin's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.23% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Parker Hannifin's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 2.19%, the company may face hurdles in achieving optimal financial returns.

Debt Management: Parker Hannifin's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.15, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

The Significance of Analyst Ratings Explained

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.