Robert W. Baird analyst Mircea Dobre maintained a Buy rating on Parker Hannifin on Monday, setting a price target of $379, which is approximately 24.94% above the present share price of $303.35.
Dobre expects Parker Hannifin to post earnings per share (EPS) of $3.65 for the third quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Parker Hannifin, with an average price target of $363.5.
The analysts price targets range from a high of $379 to a low of $313.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $3.75 billion and a net profit of $644.72 million. The company's market cap is $39.15 billion.
According to TipRanks.com, Robert W. Baird analyst Mircea Dobre is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.2% and a 65.27% 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.