Barclays (LON:BARC) analyst Julian Mitchell maintained a Buy rating on Parker Hannifin on Friday, setting a price target of $376, which is approximately 15.43% above the present share price of $325.75.
Mitchell expects Parker Hannifin to post earnings per share (EPS) of $3.91 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Parker Hannifin, with an average price target of $375.91.
The analysts price targets range from a high of $458 to a low of $300.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.96 billion and a net profit of $713.79 million. The company's market cap is $41.88 billion.
According to TipRanks.com, Barclays analyst Julian Mitchell is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.0% and a 71.18% success rate.
Ohio-based Parker-Hannifin Corp (NYSE:PH). manufactures and sells motion and control technologies and systems. The company provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems.