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

Analyst price target for PH

Based on 9 analysts offering 12 month price targets for Parker Hannifin Corp.
Min Forecast
$500.00-6.48%
Avg Forecast
$572.56+7.09%
Max Forecast
$640.00+19.7%

Should I buy or sell PH stock?

Based on 9 analysts offering ratings for Parker Hannifin Corp.
Strong Buy
Strong Buy
7 analysts 77.78%
Buy
1 analysts 11.11%
Hold
1 analysts 11.11%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PH stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-11Find Out Why
lockedlocked$00.00+00.00%2024-04-03Find Out Why
lockedlocked$00.00+00.00%2024-04-02Find Out Why
lockedlocked$00.00+00.00%2024-03-14
lockedlocked$00.00+00.00%2024-03-01
Evercore ISI Group
Top 16%
85
BuyMaintains$590.00+10.35%2024-02-20
Goldman Sachs
Top 7%
94
Strong BuyMaintains$551.00+3.06%2024-01-02
Wells Fargo
Top 19%
82
Strong BuyMaintains$510.00-4.61%2023-12-19
Deutsche Bank
Top 4%
97
Strong BuyUpgrades$506.00-5.36%2023-11-09Find out why

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Forecast return on equity

Is PH forecast to generate an efficient return?
Company
N/A
Industry
9.11%
Market
36%

Forecast return on assets

Is PH forecast to generate an efficient return on assets?
Company
N/A
Industry
1.53%

PH revenue forecast

What is PH's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$19.9B+0.41%
Avg 2 year Forecast
$20.9B+5.36%
Avg 3 year Forecast
$22.0B+10.73%
PH's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PH earnings growth forecast

How is PH forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
-0.62%
Industry
0.81%
Market
21.89%
PH's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
PH's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
PH's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

PH revenue growth forecast

How is PH forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
3.43%
Industry
0.93%
Market
10.06%
PH's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PH's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PH vs Specialty Industrial Machinery Stocks

TickerPricePrice TargetUp/downsideConsensus
PH$534.65$572.56+7.09%Strong Buy
ITW$250.46$259.00+3.41%Sell
EMR$108.58$121.80+12.18%Strong Buy
AME$177.70$190.75+7.34%Strong Buy
CMI$287.56$279.63-2.76%Hold

Parker Hannifin Stock Forecast FAQ

Is Parker Hannifin Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: PH) stock is to Strong Buy PH stock.

Out of 9 analysts, 7 (77.78%) are recommending PH as a Strong Buy, 1 (11.11%) are recommending PH as a Buy, 1 (11.11%) are recommending PH as a Hold, 0 (0%) are recommending PH as a Sell, and 0 (0%) are recommending PH as a Strong Sell.

If you're new to stock investing, here's how to buy Parker Hannifin stock.

What is PH's revenue growth forecast for 2024-2026?

(NYSE: PH) Parker Hannifin's forecast annual revenue growth rate of 3.43% is forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 0.93%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.06%.

Parker Hannifin's revenue in 2024 is $19,826,043,000.On average, 6 Wall Street analysts forecast PH's revenue for 2024 to be $2,556,389,413,060, with the lowest PH revenue forecast at $2,539,196,226,996, and the highest PH revenue forecast at $2,580,085,196,359. On average, 6 Wall Street analysts forecast PH's revenue for 2025 to be $2,682,392,306,726, with the lowest PH revenue forecast at $2,648,473,863,750, and the highest PH revenue forecast at $2,718,322,947,783.

In 2026, PH is forecast to generate $2,818,964,055,730 in revenue, with the lowest revenue forecast at $2,738,361,461,550 and the highest revenue forecast at $2,911,197,334,600.

What is PH's forecast return on assets (ROA) for 2024-2027?

(NYSE: PH) forecast ROA is N/A, which is lower than the forecast US Specialty Industrial Machinery industry average of 1.53%.

What is PH's Price Target?

According to 9 Wall Street analysts that have issued a 1 year PH price target, the average PH price target is $572.56, with the highest PH stock price forecast at $640.00 and the lowest PH stock price forecast at $500.00.

On average, Wall Street analysts predict that Parker Hannifin's share price could reach $572.56 by Apr 11, 2025. The average Parker Hannifin stock price prediction forecasts a potential upside of 7.09% from the current PH share price of $534.65.

What is PH's forecast return on equity (ROE) for 2024-2027?

(NYSE: PH) forecast ROE is N/A, which is considered weak.
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