Parker-Hannifin (PH) Stock Forecast, Price Target & Predictions


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PH Stock Forecast


Parker-Hannifin stock forecast is as follows: an average price target of $517.79 (represents a -12.44% downside from PH’s last price of $591.33) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

PH Price Target


The average price target for Parker-Hannifin (PH) is $517.79 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $700.00 to $260.00. This represents a potential -12.44% downside from PH's last price of $591.33.

PH Analyst Ratings


Buy

According to 11 Wall Street analysts, Parker-Hannifin's rating consensus is 'Buy'. The analyst rating breakdown for PH stock is 0 'Strong Buy' (0.00%), 9 'Buy' (81.82%), 2 'Hold' (18.18%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Parker-Hannifin Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 16, 2024John EadeArgus Research$650.00$590.8410.01%9.92%
Aug 09, 2024Julian MitchellBarclays$650.00$568.0814.42%9.92%
Jun 27, 2024Tim TheinRaymond James$610.00$504.2220.98%3.16%
Jun 04, 2024Julian MitchellBarclays$610.00$513.0818.89%3.16%
May 28, 2024Brett LinzeyMizuho Securities$650.00$529.8322.68%9.92%
May 17, 2024Jeffrey HammondKeyBanc$640.00$544.4917.54%8.23%
May 17, 2024Joe RitchieGoldman Sachs$700.00$544.4028.58%18.38%
May 06, 2024John EadeArgus Research$590.00$536.1810.04%-0.22%
May 03, 2024Brett LinzeyMizuho Securities$550.00$530.683.64%-6.99%
Apr 03, 2024Nathan JonesStifel Nicolaus$629.00$559.0612.51%6.37%
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The latest Parker-Hannifin stock forecast, released on Aug 16, 2024 by John Eade from Argus Research, set a price target of $650.00, which represents a 10.01% increase from the stock price at the time of the forecast ($590.84), and a 9.92% increase from PH last price ($591.33).

Parker-Hannifin Price Target by Period


1M3M12M
# Anlaysts1311
Avg Price Target$650.00$636.67$625.55
Last Closing Price$591.33$591.33$591.33
Upside/Downside9.92%7.67%5.79%

In the current month, the average price target of Parker-Hannifin stock is $650.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 9.92% increase as opposed to Parker-Hannifin's last price of $591.33. This month's average price target is up 2.09% compared to last quarter, and up 3.91% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 11, 2024Cowen & Co.HoldHoldHold
Sep 04, 2024Truist FinancialUnderperformUnderperformHold
Sep 04, 2024Wells FargoBuyBuyHold
Sep 04, 2024Raymond JamesOutperformOutperformHold
Aug 09, 2024Deutsche BankBuyBuyHold
Aug 09, 2024Wells FargoBuyBuyHold
Aug 09, 2024Truist FinancialUnderperformUnderperformHold
Aug 09, 2024BarclaysOverweightOverweightHold
Aug 08, 2024H.C. WainwrightUnderperformUnderperformHold
Jul 18, 2024H.C. WainwrightUnderperformUnderperformHold
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Parker-Hannifin's last stock rating was published by Cowen & Co. on Sep 11, 2024. The company gave PH a "Hold" rating, the same as its previous rate.

Parker-Hannifin Financial Forecast


Parker-Hannifin Revenue Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
Revenue----------$4.82B$4.85B$5.10B$5.06B$4.67B$4.23B-$4.09B$3.82B$3.76B$3.96B$3.75B$3.41B$3.23B$3.16B$3.70B$3.50B$3.33B$3.68B$3.69B
Avg Forecast$5.74B$5.60B$5.25B$5.18B$5.44B$5.27B$4.96B$4.90B$5.08B$5.07B$4.82B$4.88B$5.01B$4.78B$4.44B$3.95B$4.06B$4.06B$3.71B$3.63B$3.93B$3.73B$3.21B$2.98B$2.87B$3.57B$3.45B$3.33B$3.68B$3.71B
High Forecast$5.78B$5.63B$5.29B$5.21B$5.47B$5.30B$4.99B$4.92B$5.11B$5.10B$4.84B$5.04B$5.04B$4.81B$4.47B$3.97B$4.06B$4.12B$3.76B$3.68B$3.98B$3.78B$3.26B$3.02B$2.90B$3.61B$3.50B$3.37B$3.73B$3.76B
Low Forecast$5.70B$5.55B$5.21B$5.14B$5.40B$5.23B$4.92B$4.86B$5.04B$5.03B$4.78B$4.82B$4.97B$4.74B$4.41B$3.92B$4.06B$4.03B$3.68B$3.60B$3.89B$3.69B$3.19B$2.95B$2.84B$3.53B$3.42B$3.30B$3.65B$3.68B
# Analysts46437449745136655556121177871096116
Surprise %----------1.00%0.99%1.02%1.06%1.05%1.07%-1.01%1.03%1.04%1.01%1.00%1.06%1.09%1.10%1.04%1.01%1.00%1.00%0.99%

Parker-Hannifin's average Quarter revenue forecast for Mar 24 based on 4 analysts is $5.07B, with a low forecast of $5.03B, and a high forecast of $5.10B. PH's average Quarter revenue forecast represents a 5.07% increase compared to the company's last Quarter revenue of $4.82B (Dec 23).

Parker-Hannifin EBITDA Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts46437449745136655556121177871096116
EBITDA----------$868.16M$820.43M$1.27B$1.13B$893.42M$775.12M-$639.96M$695.66M$776.31M$864.46M$808.64M$789.13M$629.39M$591.72M$672.46M$481.74M$612.04M$668.74M$685.53M
Avg Forecast$1.15B$1.12B$1.05B$1.03B$1.08B$1.05B$988.70M$978.03M$1.01B$744.29M$961.17M$972.87M$999.98M$676.63M$886.14M$740.39M$759.24M$615.12M$597.80M$673.08M$852.46M$738.05M$534.18M$433.04M$415.34M$479.90M$424.44M$589.03M$625.73M$651.48M
High Forecast$1.15B$1.12B$1.05B$1.04B$1.09B$1.06B$994.53M$982.02M$1.02B$893.15M$965.15M$1.01B$1.01B$811.95M$891.37M$888.46M$759.24M$738.14M$717.36M$807.69M$1.02B$885.66M$641.02M$519.65M$498.40M$575.88M$509.33M$706.84M$750.88M$781.78M
Low Forecast$1.14B$1.11B$1.04B$1.03B$1.08B$1.04B$981.06M$970.04M$1.01B$595.43M$953.21M$960.94M$992.25M$541.30M$879.29M$592.31M$759.24M$492.09M$478.24M$538.46M$681.96M$590.44M$427.34M$346.43M$332.27M$383.92M$339.55M$471.22M$500.59M$521.19M
Surprise %----------0.90%0.84%1.27%1.68%1.01%1.05%-1.04%1.16%1.15%1.01%1.10%1.48%1.45%1.42%1.40%1.14%1.04%1.07%1.05%

4 analysts predict PH's average Quarter EBITDA for Mar 24 to be $744.29M, with a high of $893.15M and a low of $595.43M. This is -14.27% lower than Parker-Hannifin's previous annual EBITDA (Dec 23) of $868.16M.

Parker-Hannifin Net Income Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts46437449745136655556121177871096116
Net Income----------$681.85M$650.83M$708.96M$590.89M$395.24M$387.85M-$348.02M$387.73M$451.16M$505.74M$471.65M$447.31M$321.41M$295.72M$367.25M$204.47M$338.90M$413.67M$411.25M
Avg Forecast$1.03B$977.04M$915.44M$894.13M$955.55M$903.90M$835.16M$801.94M$812.81M$404.80M$688.44M$695.55M$716.52M$368.00M$582.74M$430.28M$610.97M$334.55M$333.08M$391.16M$498.71M$430.47M$302.79M$221.14M$207.57M$262.09M$180.15M$326.16M$387.07M$390.82M
High Forecast$1.04B$984.53M$922.46M$900.99M$962.88M$910.83M$841.56M$808.51M$819.04M$485.76M$701.58M$719.13M$722.02M$441.60M$587.21M$516.33M$610.97M$401.45M$399.69M$469.40M$598.46M$516.57M$363.35M$265.37M$249.08M$314.51M$216.18M$391.39M$464.48M$468.99M
Low Forecast$1.02B$967.22M$906.24M$885.15M$945.95M$894.82M$826.76M$795.37M$804.64M$323.84M$676.62M$668.04M$709.33M$294.40M$576.88M$344.22M$610.97M$267.64M$266.46M$312.93M$398.97M$344.38M$242.23M$176.91M$166.05M$209.67M$144.12M$260.93M$309.65M$312.66M
Surprise %----------0.99%0.94%0.99%1.61%0.68%0.90%-1.04%1.16%1.15%1.01%1.10%1.48%1.45%1.42%1.40%1.14%1.04%1.07%1.05%

Parker-Hannifin's average Quarter net income forecast for Mar 24 is $404.80M, with a range of $323.84M to $485.76M. PH's average Quarter net income forecast represents a -40.63% decrease compared to the company's last Quarter net income of $681.85M (Dec 23).

Parker-Hannifin SG&A Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts46437449745136655556121177871096116
SG&A----------$806.80M$873.69M$834.94M$868.39M$814.97M$835.80M-$412.43M$380.71M$407.76M$414.05M$386.83M$356.57M$369.85M$352.79M$413.46M$491.12M$399.18M$391.49M$360.87M
Avg Forecast$753.96M$734.83M$690.09M$680.79M$714.12M$692.47M$650.83M$643.80M$667.41M$479.72M$632.70M$640.40M$658.25M$436.11M$583.31M$388.90M$498.92M$396.47M$327.16M$353.54M$408.30M$353.06M$241.37M$254.47M$247.63M$295.07M$432.71M$384.17M$366.32M$342.94M
High Forecast$758.40M$739.16M$694.16M$684.80M$718.33M$696.55M$654.66M$646.43M$671.35M$575.67M$635.32M$662.36M$662.13M$523.34M$586.75M$466.67M$498.92M$475.76M$392.59M$424.25M$489.96M$423.67M$289.65M$305.36M$297.16M$354.08M$519.25M$461.01M$439.58M$411.53M
Low Forecast$748.13M$729.15M$684.75M$675.53M$708.60M$687.11M$645.79M$638.54M$662.25M$383.78M$627.46M$632.55M$653.16M$348.89M$578.81M$311.12M$498.92M$317.17M$261.73M$282.83M$326.64M$282.45M$193.10M$203.58M$198.10M$236.05M$346.16M$307.34M$293.05M$274.35M
Surprise %----------1.28%1.36%1.27%1.99%1.40%2.15%-1.04%1.16%1.15%1.01%1.10%1.48%1.45%1.42%1.40%1.14%1.04%1.07%1.05%

Parker-Hannifin's average Quarter SG&A projection for Mar 24 is $479.72M, based on 4 Wall Street analysts, with a range of $383.78M to $575.67M. The forecast indicates a -40.54% fall compared to PH last annual SG&A of $806.80M (Dec 23).

Parker-Hannifin EPS Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts46437449745136655556121177871096116
EPS----------$5.31$5.07$5.52$4.61$3.08$3.02-$2.71$3.02$3.50$3.91$3.65$3.47$2.50$2.30$2.86$1.59$2.64$3.22$3.20
Avg Forecast$7.87$7.48$7.01$6.84$7.31$6.92$6.39$6.14$6.22$6.12$5.27$5.32$5.48$5.02$4.46$4.18$4.68$4.65$3.92$3.69$4.32$3.78$2.60$2.33$1.51$2.24$2.27$2.66$3.11$3.01
High Forecast$7.93$7.54$7.06$6.90$7.37$6.97$6.44$6.19$6.27$6.16$5.37$5.50$5.53$5.05$4.49$4.22$4.68$4.73$3.99$3.76$4.40$3.84$2.64$2.37$1.53$2.28$2.31$2.70$3.17$3.06
Low Forecast$7.79$7.40$6.94$6.78$7.24$6.85$6.33$6.09$6.16$6.05$5.18$5.11$5.43$4.97$4.42$4.14$4.68$4.60$3.87$3.65$4.27$3.73$2.57$2.31$1.49$2.22$2.25$2.62$3.08$2.98
Surprise %----------1.01%0.95%1.01%0.92%0.69%0.72%-0.58%0.77%0.95%0.90%0.97%1.34%1.07%1.53%1.28%0.70%0.99%1.03%1.06%

According to 4 Wall Street analysts, Parker-Hannifin's projected average Quarter EPS for Mar 24 is $6.12, with a low estimate of $6.05 and a high estimate of $6.16. This represents a 15.17% increase compared to PH previous annual EPS of $5.31 (Dec 23).

Parker-Hannifin Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
IEXIDEX$199.78$236.3318.30%Buy
EMREmerson Electric$102.03$116.5514.23%Buy
AOSA. O. Smith$79.97$87.679.63%Buy
ROKRockwell Automation$262.92$283.777.93%Buy
FLSFlowserve$46.65$48.002.89%Buy
DOVDover$185.06$175.22-5.32%Hold
PNRPentair$91.49$86.54-5.41%Buy
ITWIllinois Tool Works$251.75$230.92-8.27%Hold
CMICummins$302.13$271.11-10.27%Buy
PHParker-Hannifin$591.33$517.79-12.44%Buy
ETNEaton$305.80$227.70-25.54%Buy

PH Forecast FAQ


Yes, according to 11 Wall Street analysts, Parker-Hannifin (PH) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 81.82% of PH's total ratings.

Parker-Hannifin (PH) average price target is $517.79 with a range of $260 to $700, implying a -12.44% from its last price of $591.33. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PH stock, the company can go down by -12.44% (from the last price of $591.33 to the average price target of $517.79), up by 18.38% based on the highest stock price target, and down by -56.03% based on the lowest stock price target.

PH's average twelve months analyst stock price target of $517.79 does not support the claim that Parker-Hannifin can reach $900 in the near future.

1 Wall Street analyst forecast a $650 price target for Parker-Hannifin (PH) this month, up 9.92% from its last price of $591.33. Compared to the last 3 and 12 months, the average price target increased by 7.67% and increased by 5.79%, respectively.

Parker-Hannifin's analysts financial forecasts for the fiscal year (Jun 2025) are as follows: average revenue is $20.57B (high $20.68B, low $20.41B), average EBITDA is $4.1B (high $4.13B, low $4.07B), average net income is $3.5B (high $3.52B, low $3.46B), average SG&A $2.7B (high $2.72B, low $2.68B), and average EPS is $26.76 (high $26.97, low $26.51). PH's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $21.78B (high $21.9B, low $21.61B), average EBITDA is $4.34B (high $4.37B, low $4.31B), average net income is $3.82B (high $3.84B, low $3.78B), average SG&A $2.86B (high $2.88B, low $2.84B), and average EPS is $29.2 (high $29.43, low $28.91).

Based on Parker-Hannifin's last annual report (Jun 2023), the company's revenue was $19.07B, which missed the average analysts forecast of $22.25B by -14.31%. Apple's EBITDA was $4.07B, beating the average prediction of $4.06B by 0.23%. The company's net income was $2.08B, missing the average estimation of $2.71B by -23.10%. Apple's SG&A was $3.35B, beating the average forecast of $2.57B by 30.74%. Lastly, the company's EPS was $16.23, missing the average prediction of $23.82 by -31.88%. In terms of the last quarterly report (Dec 2023), Parker-Hannifin's revenue was $4.82B, beating the average analysts' forecast of $4.82B by 0.06%. The company's EBITDA was $868.16M, missing the average prediction of $961.17M by -9.68%. Parker-Hannifin's net income was $681.85M, missing the average estimation of $688.44M by -0.96%. The company's SG&A was $806.8M, beating the average forecast of $632.7M by 27.52%. Lastly, the company's EPS was $5.31, beating the average prediction of $5.27 by 0.77%