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NYSE: PH
Parker Hannifin Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for PH

Based on 8 analysts offering 12 month price targets for Parker Hannifin Corp.
Min Forecast
$225.00-21.83%
Avg Forecast
$337.75+17.34%
Max Forecast
$375.00+30.28%

Should I buy or sell PH stock?

Based on 8 analysts offering ratings for Parker Hannifin Corp.
Strong Buy
Strong Buy
5 analysts 62.5%
Buy
2 analysts 25%
Hold
1 analysts 12.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

PH stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
BMO Capital
Top 40%
61
BuyMaintains$375.00+30.28%2021-08-26
Deutsche Bank
Top 20%
81
HoldDowngrades$327.00+13.60%2021-08-06
KeyBanc
Top 11%
90
Strong BuyMaintains$375.00+30.28%2021-08-03
Barclays
Top 11%
90
Strong BuyMaintains$340.00+18.12%2021-05-03
Anonymous
Morgan Stanley
Strong BuyMaintains$355.00+23.33%2021-04-12
Morgan Stanley
Top 9%
92
Strong BuyMaintains$350.00+21.60%2021-03-23
Credit Suisse
Bottom 1%
1
BuyMaintains$355.00+23.33%2021-02-05
Citigroup
Top 7%
94
Strong BuyMaintains$225.00-21.83%2020-10-07

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Forecast return on equity

Is PH forecast to generate an efficient return?
Company
31.28%
Industry
27.8%
Market
2,530.69%
PH's Return on Equity is forecast to be high in 3 years (31.28%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is PH forecast to generate an efficient return on assets?
Company
12.92%
Industry
10.91%
Market
1,237.47%
PH is forecast to generate higher Return on Assets (12.92%) than the US Specialty Industrial Machinery industry average (10.91%)
Forecast

PH earnings per share forecast

What is PH's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$17.00+25.55%
Avg 2 year Forecast
$18.85+39.22%
Avg 3 year Forecast
$20.35+50.3%
PH's earnings are forecast to grow at a rate of 14.79% per year, which is not exceptional
Forecast

PH revenue forecast

What is PH's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$15.6B+8.6%
Avg 2 year Forecast
$16.5B+15.1%
Avg 3 year Forecast
$17.3B+20.64%
PH's revenue is forecast to grow at a rate of 6.57% per year, which is not exceptional
Forecast

PH earnings growth forecast

How is PH forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
14.79%
Industry
9.98%
Market
18.62%
PH's earnings are forecast to grow faster (14.79% per year) than the US Specialty Industrial Machinery industry average (9.98%)
Forecast
PH's earnings are forecast to grow slower (14.79% per year) than the US market average (18.62%)
Forecast
PH's earnings are forecast to grow faster (14.79% per year) than the risk-free savings rate (1.5%)
Forecast

PH revenue growth forecast

How is PH forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
6.57%
Industry
6.58%
Market
12.38%
PH's revenues are forecast to grow slower (6.57% per year) than the US Specialty Industrial Machinery industry average (6.58%)
Forecast
PH's revenues are forecast to grow slower (6.57% per year) than the US market average (12.38%)
Forecast

Parker Hannifin Corp Stock Forecast FAQ

Is Parker Hannifin Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: PH) stock is to Strong Buy PH stock.

Out of 8 analysts, 5 (62.5%) are recommending PH as a Strong Buy, 2 (25%) are recommending PH as a Buy, 1 (12.5%) are recommending PH as a Hold, 0 (0%) are recommending PH as a Sell, and 0 (0%) are recommending PH as a Strong Sell.

What is PH's earnings growth forecast for 2022-2024?

(NYSE: PH) Parker Hannifin Corp's forecast annual earnings growth rate of 14.79% is forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 9.98%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.62%.

Parker Hannifin Corp's earnings in 2021 is $1,746,100,000.On average, 6 Wall Street analysts forecast PH's earnings for 2022 to be $2,194,724,429, with the lowest PH earnings forecast at $2,157,285,012, and the highest PH earnings forecast at $2,233,454,860. On average, 6 Wall Street analysts forecast PH's earnings for 2023 to be $2,433,562,087, with the lowest PH earnings forecast at $2,366,429,340, and the highest PH earnings forecast at $2,517,478,022.

In 2024, PH is forecast to generate $2,627,214,243 in earnings, with the lowest earnings forecast at $2,543,298,309 and the highest earnings forecast at $2,711,130,177.

What is PH's revenue growth forecast for 2022-2024?

(NYSE: PH) Parker Hannifin Corp's forecast annual revenue growth rate of 6.57% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 6.58%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.38%.

Parker Hannifin Corp's revenue in 2021 is $14,347,640,000.On average, 7 Wall Street analysts forecast PH's revenue for 2022 to be $2,011,535,557,665, with the lowest PH revenue forecast at $1,991,015,271,558, and the highest PH revenue forecast at $2,029,474,589,640. On average, 7 Wall Street analysts forecast PH's revenue for 2023 to be $2,132,058,204,176, with the lowest PH revenue forecast at $2,093,489,537,176, and the highest PH revenue forecast at $2,168,852,501,025.

In 2024, PH is forecast to generate $2,234,629,683,177 in revenue, with the lowest revenue forecast at $2,222,894,362,553 and the highest revenue forecast at $2,246,365,003,800.

What is PH's forecast return on assets (ROA) for 2022-2024?

(NYSE: PH) forecast ROA is 12.92%, which is higher than the forecast US Specialty Industrial Machinery industry average of 10.91%.

What is PH's Price Target?

According to 8 Wall Street analysts that have issued a 1 year PH price target, the average PH price target is $337.75, with the highest PH stock price forecast at $375.00 and the lowest PH stock price forecast at $225.00.

On average, Wall Street analysts predict that Parker Hannifin Corp's share price could stay at $337.75 by Aug 26, 2022. The average Parker Hannifin Corp stock price prediction forecasts a potential downside of N/A from the current PH share price of $287.84.

What is PH's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: PH) Parker Hannifin Corp's current Earnings Per Share (EPS) is $13.54. On average, analysts forecast that PH's EPS will be $17.00 for 2022, with the lowest EPS forecast at $16.71, and the highest EPS forecast at $17.30. On average, analysts forecast that PH's EPS will be $18.85 for 2023, with the lowest EPS forecast at $18.33, and the highest EPS forecast at $19.50. In 2024, PH's EPS is forecast to hit $20.35 (min: $19.70, max: $21.00).

What is PH's forecast return on equity (ROE) for 2022-2024?

(NYSE: PH) forecast ROE is 31.28%, which is considered strong.
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