Bank of America's analyst Andrew Obin has revised the price target for Parker-Hannifin (PH, Financial), bringing it down to $650 from the previous $800. Despite this adjustment, the firm retains a Buy rating on the industrial company's shares.
In regards to its broader Industrials/Multi-Industry coverage, BofA anticipates that the first-quarter earnings will meet or exceed expectations. However, the analyst has decided to lower estimates preemptively in light of increased uncertainty and persistent tariff challenges, even though there is a recent 90-day pause announced on April 9 for reciprocal tariffs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Parker Hannifin Corp (PH, Financial) is $719.42 with a high estimate of $824.00 and a low estimate of $564.00. The average target implies an upside of 27.25% from the current price of $565.37. More detailed estimate data can be found on the Parker Hannifin Corp (PH) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Parker Hannifin Corp's (PH, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Parker Hannifin Corp (PH, Financial) in one year is $435.52, suggesting a downside of 22.97% from the current price of $565.37. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Parker Hannifin Corp (PH) Summary page.
