Throughout the last three months, 10 analysts have evaluated Parker Hannifin (NYSE:PH), offering a diverse set of opinions from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $634.2, a high estimate of $691.00, and a low estimate of $520.00. Surpassing the previous average price target of $606.00, the current average has increased by 4.65%.

Deciphering Analyst Ratings: An In-Depth Analysis

The standing of Parker Hannifin among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Parker Hannifin's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Parker Hannifin analyst ratings.

Delving into Parker Hannifin's Background

Parker Hannifin: A Financial Overview

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Revenue Growth: Parker Hannifin's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 1.78%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.

Net Margin: Parker Hannifin's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.13%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Parker Hannifin's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.63% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Parker Hannifin's ROA excels beyond industry benchmarks, reaching 2.67%. This signifies efficient management of assets and strong financial health.

Debt Management: Parker Hannifin's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.87, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

Understanding the Relevance of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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