When conducting stock research, investors may want to take a look at what the covering analysts are saying about the company. Zacks Research provides an average broker rating which is compiled using polled sell-side analysts. After a recent scan, we can see that the current ABR for Parker-Hannifin Corporation (NYSE:PH) is 1.88. Research firms may use various terminologies to describe their stock recommendations. This particular rating falls on a numerical scale from 1 to 5. A 1 rating would point to a Strong Buy, and a score of 5 would indicate a Strong Sell rating. The average broker rating helps investors by offering a general feel for sell-side sentiment on company shares. We have also noted that 10 analysts currently have the stock rated as a Buy or Strong Buy.
Investors often have to decide how aggressive they are going to be in the stock market. Having the mindset of getting rich quick may result in the rapid loss of capital. Of course, there are those who have possibly had luck on their side, but jumping in head first without a plan can be a recipe for disaster. It may be tempting to take a leap with a risky stock. However, high returns in the equity market may come with extensive risk and volatility. Managing that risk in turbulent markets may help keep the average investor above water when things swing the wrong way. Investors may want to assess if they are trading too much or trading the wrong types of stocks. Doing all the research may involve keeping a close tab on technicals, fundamentals, relevant economic data, and earnings reports. Investors may have to find a way to keep the rational side from being consumed by irrational behavior when analyzing the markets.
Viewing some popular support and resistance marks on shares of Parker-Hannifin Corporation (NYSE:PH), we can see that the 52-week high is presently $210.94, and the 52-week low is currently $141.11. When the stock is trading near the 52-week high or 52-week low, investors may be on the lookout for a potential break through the level. Looking at recent action, we can see that the stock has been trading near the $157.98 level. Investors may also want to track historical price activity. Over the past 12 weeks, the stock has changed -0.85%. Looking further back to the beginning of the calendar year, we note that shares have moved 5.93%. Over the previous 4 weeks, shares have seen a change of 2.34%. Over the last 5 trading sessions, the stock has moved 9.07%. Investors will be monitoring stock activity over the next few days to try and gauge which way the momentum is shifting.
Wall Street analysts tracking shares of Parker-Hannifin Corporation (NYSE:PH) have been closely monitor company activities and fundamentals. They often create research reports to assist with investment decisions. On a consensus basis, analysts have set a target price of $182.77 on the stock. This number may be different from the First Call consensus target estimate. Analysts that routinely cover the company may use different techniques in order to create a future target price. Because of the different methods, price targets may differ greatly from one analyst to another.
Shifting gears, we can see that the current quarter EPS consensus estimate for Parker-Hannifin Corporation (NYSE:PH) is 2.98. This EPS estimate is using 8 sell-side analysts polled by Zacks Research. For the prior reporting period, the company posted a quarterly EPS of 2.84. As we move through earnings season, all eyes will be on the company to see if they can beat analyst estimates and show improvement from the last quarter. When a company reports actual earnings numbers, the surprise factor can cause a stock price to realize increased activity. Investors and analysts will be closely watching to see how the earnings results impact the stock after the next release. Many investors will decide to be cautious around earnings releases and delay buy/sell moves until after the stock price has steadied.
Trying to project the day to day short-term movements of the stock market may be all but impossible. Stocks have the tendency to make sudden moves on even the slightest bit of news or for apparently no reason at all. The daily trader may be looking to capitalize on swings or momentum, but the long-term investor may be searching for stability and consistency over a sustained period of time. During trading sessions, stock movements can seem like a popularity contest from time to time. Even after careful study, there may be no logical reason for a particular stock move. Riding out the waves of uncertainty may not be easy, but having a full-proof plan for when markets erode may just be the savior. Having the patience to wait out abnormal moves may help evade the mistake of letting go too soon out of panic.
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