Parker-Hannifin (PH) Stock Forecast, Price Target & Predictions
PH Stock Forecast
Parker-Hannifin stock forecast is as follows: an average price target of $546.07 (represents a -20.91% downside from PH’s last price of $690.43) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
PH Price Target
The average price target for Parker-Hannifin (PH) is $546.07 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $842.00 to $260.00. This represents a potential -20.91% downside from PH's last price of $690.43.
PH Analyst Ratings
According to 12 Wall Street analysts, Parker-Hannifin's rating consensus is 'Buy'. The analyst rating breakdown for PH stock is 0 'Strong Buy' (0.00%), 10 'Buy' (83.33%), 2 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Parker-Hannifin Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 13, 2024 | Amit Mehrotra | UBS | $842.00 | $569.81 | 47.77% | 21.95% |
| Oct 14, 2024 | Jeffrey Hammond | KeyBanc | $725.00 | $637.15 | 13.79% | 5.01% |
| Sep 20, 2024 | Brett Linzey | Mizuho Securities | $665.00 | $626.05 | 6.22% | -3.68% |
| Aug 16, 2024 | John Eade | Argus Research | $650.00 | $590.84 | 10.01% | -5.86% |
| Aug 09, 2024 | Julian Mitchell | Barclays | $650.00 | $568.08 | 14.42% | -5.86% |
| Jun 27, 2024 | Tim Thein | Raymond James | $610.00 | $504.22 | 20.98% | -11.65% |
| Jun 04, 2024 | Julian Mitchell | Barclays | $610.00 | $513.08 | 18.89% | -11.65% |
| May 28, 2024 | Brett Linzey | Mizuho Securities | $650.00 | $529.83 | 22.68% | -5.86% |
| May 17, 2024 | Jeffrey Hammond | KeyBanc | $640.00 | $544.49 | 17.54% | -7.30% |
| May 17, 2024 | Joe Ritchie | Goldman Sachs | $700.00 | $544.40 | 28.58% | 1.39% |
The latest Parker-Hannifin stock forecast, released on Nov 13, 2024 by Amit Mehrotra from UBS, set a price target of $842.00, which represents a 47.77% increase from the stock price at the time of the forecast ($569.81), and a 21.95% increase from PH last price ($690.43).
Parker-Hannifin Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 14 |
| Avg Price Target | $842.00 | $744.00 | $650.93 |
| Last Closing Price | $690.43 | $690.43 | $690.43 |
| Upside/Downside | 21.95% | 7.76% | -5.72% |
In the current month, the average price target of Parker-Hannifin stock is $842.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 21.95% increase as opposed to Parker-Hannifin's last price of $690.43. This month's average price target is up 13.17% compared to last quarter, and up 29.35% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 13, 2024 | UBS | - | Buy | Initialise |
| Oct 14, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 03, 2024 | Needham | Underperform | Underperform | Hold |
| Oct 02, 2024 | Barclays | Overweight | Overweight | Hold |
| Sep 11, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Sep 04, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Sep 04, 2024 | Wells Fargo | Buy | Buy | Hold |
| Sep 04, 2024 | Raymond James | Outperform | Outperform | Hold |
| Aug 09, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Aug 09, 2024 | Wells Fargo | Buy | Buy | Hold |
Parker-Hannifin's last stock rating was published by UBS on Nov 13, 2024. The company Initialise its PH rating from "null" to "Buy".
Parker-Hannifin Financial Forecast
Parker-Hannifin Revenue Forecast
| Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $4.82B | $4.85B | $5.10B | $5.06B | $4.67B | $4.23B | $4.19B | $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 | $5.71B | $5.52B | $5.10B | $5.06B | $5.35B | $5.19B | $4.81B | $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 | $5.83B | $5.63B | $5.20B | $5.16B | $5.45B | $5.29B | $4.84B | $4.90B | $5.08B | $5.07B | $4.84B | $5.04B | $5.11B | $4.87B | $4.53B | $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 |
| Low Forecast | $5.65B | $5.46B | $5.05B | $5.01B | $5.29B | $5.12B | $4.80B | $4.90B | $5.08B | $5.07B | $4.78B | $4.82B | $4.96B | $4.73B | $4.39B | $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 |
| # Analysts | 9 | 9 | 8 | 8 | 8 | 10 | 10 | 9 | 4 | 4 | 5 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 1.02% | 1.06% | 1.05% | 1.07% | 1.03% | 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 $5.07B, and a high forecast of $5.07B. 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 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 8 | 8 | 8 | 10 | 10 | 9 | 4 | 4 | 5 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $868.16M | $820.43M | $1.27B | $1.13B | $893.42M | $775.12M | $328.88M | $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 | $1.11B | $1.03B | $1.02B | $1.08B | $1.04B | $968.21M | $986.39M | $1.02B | $744.29M | $969.86M | $981.67M | $1.01B | $676.63M | $657.58M | $788.11M | $810.88M | $615.12M | $740.57M | $724.96M | $783.78M | $738.05M | $641.34M | $593.81M | $571.75M | $479.90M | $689.02M | $663.48M | $733.78M | $651.48M |
| High Forecast | $1.17B | $1.13B | $1.05B | $1.04B | $1.10B | $1.07B | $974.28M | $986.96M | $1.02B | $893.15M | $973.88M | $1.02B | $1.03B | $811.95M | $789.10M | $788.11M | $810.88M | $738.14M | $740.57M | $724.96M | $783.78M | $885.66M | $641.34M | $593.81M | $571.75M | $575.88M | $689.02M | $663.48M | $733.78M | $781.78M |
| Low Forecast | $1.14B | $1.10B | $1.02B | $1.01B | $1.06B | $1.03B | $966.19M | $985.81M | $1.02B | $595.43M | $961.83M | $969.63M | $998.02M | $541.30M | $526.07M | $788.11M | $810.88M | $492.09M | $740.57M | $724.96M | $783.78M | $590.44M | $641.34M | $593.81M | $571.75M | $383.92M | $689.02M | $663.48M | $733.78M | $521.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.84% | 1.26% | 1.68% | 1.36% | 0.98% | 0.41% | 1.04% | 0.94% | 1.07% | 1.10% | 1.10% | 1.23% | 1.06% | 1.03% | 1.40% | 0.70% | 0.92% | 0.91% | 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 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 8 | 8 | 8 | 10 | 10 | 9 | 4 | 4 | 5 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $681.85M | $650.83M | $708.96M | $590.89M | $395.24M | $387.85M | $128.83M | $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 | $1.07B | $996.63M | $900.54M | $918.84M | $968.81M | $911.15M | $814.57M | $802.66M | $813.04M | $404.80M | $688.63M | $695.75M | $716.72M | $368.00M | $366.39M | $546.64M | $611.21M | $334.55M | $511.87M | $482.28M | $564.94M | $430.47M | $339.52M | $304.80M | $196.83M | $262.09M | $297.17M | $346.92M | $406.49M | $390.82M |
| High Forecast | $1.10B | $1.02B | $923.83M | $942.61M | $993.87M | $924.17M | $831.59M | $803.00M | $813.07M | $485.76M | $701.78M | $719.33M | $735.26M | $441.60M | $439.66M | $546.64M | $611.21M | $401.45M | $511.87M | $482.28M | $564.94M | $516.57M | $339.52M | $304.80M | $196.83M | $314.51M | $297.17M | $346.92M | $406.49M | $468.99M |
| Low Forecast | $1.05B | $982.50M | $887.77M | $905.82M | $955.08M | $892.93M | $805.40M | $802.32M | $813.01M | $323.84M | $676.81M | $668.23M | $706.57M | $294.40M | $293.11M | $546.64M | $611.21M | $267.64M | $511.87M | $482.28M | $564.94M | $344.38M | $339.52M | $304.80M | $196.83M | $209.67M | $297.17M | $346.92M | $406.49M | $312.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.94% | 0.99% | 1.61% | 1.08% | 0.71% | 0.21% | 1.04% | 0.76% | 0.94% | 0.90% | 1.10% | 1.32% | 1.05% | 1.50% | 1.40% | 0.69% | 0.98% | 1.02% | 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 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 8 | 8 | 8 | 10 | 10 | 9 | 4 | 4 | 5 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $806.80M | $873.69M | $834.94M | $868.39M | $814.97M | $835.80M | $426.21M | $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 | $760.78M | $735.47M | $679.43M | $673.94M | $711.94M | $690.53M | $640.51M | $652.53M | $676.80M | $479.72M | $641.60M | $649.41M | $667.51M | $436.11M | $359.87M | $518.78M | $533.77M | $396.47M | $487.49M | $477.22M | $515.93M | $353.06M | $422.17M | $390.88M | $376.36M | $295.07M | $453.56M | $436.75M | $483.02M | $342.94M |
| High Forecast | $775.92M | $750.10M | $692.95M | $687.35M | $726.11M | $705.09M | $644.52M | $652.91M | $676.80M | $575.67M | $644.26M | $671.68M | $680.79M | $523.34M | $431.85M | $518.78M | $533.77M | $475.76M | $487.49M | $477.22M | $515.93M | $423.67M | $422.17M | $390.88M | $376.36M | $354.08M | $453.56M | $436.75M | $483.02M | $411.53M |
| Low Forecast | $752.48M | $727.45M | $672.02M | $666.59M | $704.18M | $681.27M | $639.17M | $652.15M | $676.80M | $383.78M | $636.29M | $641.45M | $660.23M | $348.89M | $287.90M | $518.78M | $533.77M | $317.17M | $487.49M | $477.22M | $515.93M | $282.45M | $422.17M | $390.88M | $376.36M | $236.05M | $453.56M | $436.75M | $483.02M | $274.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.26% | 1.35% | 1.25% | 1.99% | 2.26% | 1.61% | 0.80% | 1.04% | 0.78% | 0.85% | 0.80% | 1.10% | 0.84% | 0.95% | 0.94% | 1.40% | 1.08% | 0.91% | 0.81% | 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 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 8 | 8 | 8 | 10 | 10 | 9 | 4 | 4 | 5 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | $5.31 | $5.07 | $5.52 | $4.61 | $3.08 | $3.02 | $1.00 | $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 | $8.19 | $7.63 | $6.89 | $7.03 | $7.41 | $6.97 | $6.23 | $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 | $8.40 | $7.82 | $7.07 | $7.21 | $7.61 | $7.07 | $6.36 | $6.14 | $6.22 | $6.12 | $5.37 | $5.50 | $5.63 | $5.15 | $4.58 | $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 |
| Low Forecast | $8.07 | $7.52 | $6.79 | $6.93 | $7.31 | $6.83 | $6.16 | $6.14 | $6.22 | $6.12 | $5.18 | $5.11 | $5.41 | $4.95 | $4.40 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.95% | 1.01% | 0.92% | 0.69% | 0.72% | 0.21% | 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 $6.12 and a high estimate of $6.12. This represents a 15.17% increase compared to PH previous annual EPS of $5.31 (Dec 23).
Parker-Hannifin Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AOS | A. O. Smith | $71.75 | $86.50 | 20.56% | Buy |
| IEX | IDEX | $223.11 | $237.44 | 6.42% | Buy |
| ROK | Rockwell Automation | $280.08 | $283.77 | 1.32% | Buy |
| DOV | Dover | $198.13 | $190.07 | -4.07% | Buy |
| EMR | Emerson Electric | $129.10 | $120.33 | -6.79% | Buy |
| PNR | Pentair | $104.17 | $95.88 | -7.96% | Buy |
| ITW | Illinois Tool Works | $266.38 | $230.92 | -13.31% | Hold |
| FLS | Flowserve | $59.89 | $51.00 | -14.84% | Buy |
| CMI | Cummins | $360.95 | $292.73 | -18.90% | Buy |
| PH | Parker-Hannifin | $690.43 | $546.07 | -20.91% | Buy |
| ETN | Eaton | $360.46 | $243.05 | -32.57% | Buy |