Have The Numbers Hit There Limits? Parker-Hannifin Corporation (PH)

Parker-Hannifin Corporation’s stock (NYSE:PH) has been rated as Buy by Stifel. This latest rating was contained in a recent research note published by the firm on December 17, 2019 and has set a $229 price target for the stock. Some experts on Wall Street have also posted a report on Parker-Hannifin Corporation (PH) stock.

BofA/Merrill rated the stock as a Buy in a research noted published on December 17, 2019. Wells Fargo rated the stock as a Overweight in a research note published on December 16, 2019.

As it stands, a total of 22 analysts are covering PH stock, with 9 of them rating it as a Buy while 1 of them rating it as Overweight. 11 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 1 rated it as a Sell. A look at the overall ratings means that Parker-Hannifin Corporation (PH) stock has an average rating of Overweight.

Parker-Hannifin Corporation (PH) which is currently valued at 25.53 billion. In recent quarter, the company recorded a revenue of 3.45 billion, which was lower than the forecast of 3.52 billion made by some analysts. For that same quarter, Parker-Hannifin Corporation (PH) posted $2.51 earnings per share (EPS) which was above the analyst consensus estimate of $2.42 by $0.09, which represents an increase by 3.70%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, PH price has dropped by -3.88%. A look at its price performance over the past three months sees the stock go up by 8.37%, while it has gain 12.49% over the past six months and 25.51% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on Parker-Hannifin Corporation (PH) has seen its stock trading -6.28% below its three-month high price. A look at the other side also sees stock trading +9.16% above its three-month low. A wider look sees PH trading -6.28% below its 52-week high and 30.60% above from its 52-week low price.

Shareholders of the company sometimes like to find out how their investments are growing. Parker-Hannifin Corporation (PH) has so far given an ROE of 24.70%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. Parker-Hannifin Corporation (PH)’s ROA at the moment stands at 8.70%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.

Parker-Hannifin Corporation (PH) has a return on investment (ROI) of 11.70%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at Parker-Hannifin Corporation (PH)’s trading volatility. Its 7-day volatility is around 1.87%, while it has a monthly volatility of 1.48%. PH has an ATR (Average True Range) of 3.63 and a beta factor of 1.54. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of PH moved down by -$3.31 during the normal trading session on Wednesday to trade at $198.74. The Parker-Hannifin Corporation (PH) stock has a trading volume of 1.01 million shares, which is high, compared to its average daily volume of 868.82K shares.