Morgan Stanley (NYSE:MS) analyst Joshua Pokrzywinski maintained a Buy rating on Parker Hannifin on Monday, setting a price target of $355, which is approximately 10.56% above the present share price of $321.09.
Pokrzywinski expects Parker Hannifin to post earnings per share (EPS) of $3.47 for the second 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 $346.7.
The analysts price targets range from a high of $385 to a low of $329.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.41 billion and a net profit of $535.79 million. The company's market cap is $41.45 billion.
According to TipRanks.com, Morgan Stanley analyst Joshua Pokrzywinski is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.2% and a 62.15% 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.