Parker Hannifin Stock Probability of Future Stock Price Finishing Over 603.74

PH Stock  USD 645.65  1.55  0.24%   
Parker Hannifin's future price is the expected price of Parker Hannifin instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Parker Hannifin performance during a given time horizon utilizing its historical volatility. Check out Parker Hannifin Backtesting, Parker Hannifin Valuation, Parker Hannifin Correlation, Parker Hannifin Hype Analysis, Parker Hannifin Volatility, Parker Hannifin History as well as Parker Hannifin Performance.
For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.
  
The Parker Hannifin's current Price To Sales Ratio is estimated to increase to 3.39. The Parker Hannifin's current Price Earnings Ratio is estimated to increase to 23.02. Please specify Parker Hannifin's target price for which you would like Parker Hannifin odds to be computed.

Parker Hannifin Target Price Odds to finish over 603.74

The tendency of Parker Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above $ 603.74  in 90 days
 645.65 90 days 603.74 
over 95.42
Based on a normal probability distribution, the odds of Parker Hannifin to stay above $ 603.74  in 90 days from now is over 95.42 (This Parker Hannifin probability density function shows the probability of Parker Stock to fall within a particular range of prices over 90 days) . Probability of Parker Hannifin price to stay between $ 603.74  and its current price of $645.65 at the end of the 90-day period is about 29.55 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.37 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Parker Hannifin will likely underperform. Additionally Parker Hannifin has an alpha of 0.0246, implying that it can generate a 0.0246 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Parker Hannifin Price Density   
       Price  

Predictive Modules for Parker Hannifin

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Parker Hannifin. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
644.14645.64647.14
Details
Intrinsic
Valuation
LowRealHigh
548.06549.56710.22
Details
22 Analysts
Consensus
LowTargetHigh
404.21444.19493.05
Details
Earnings
Estimates (0)
LowProjected EPSHigh
6.156.346.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Parker Hannifin. Your research has to be compared to or analyzed against Parker Hannifin's peers to derive any actionable benefits. When done correctly, Parker Hannifin's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Parker Hannifin.

Parker Hannifin Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Parker Hannifin is not an exception. The market had few large corrections towards the Parker Hannifin's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Parker Hannifin, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Parker Hannifin within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.02
β
Beta against Dow Jones1.37
σ
Overall volatility
32.79
Ir
Information ratio 0.02

Parker Hannifin Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Parker Hannifin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Parker Hannifin can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 84.0% of the company shares are owned by institutional investors
On 6th of December 2024 Parker Hannifin paid $ 1.63 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Pressure Washer Market to Cross USD 3.13 Billion by 2032, Driven by Rising Demand Across Residential, Commercial, and Industrial Sectors SNS Insider

Parker Hannifin Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Parker Stock often depends not only on the future outlook of the current and potential Parker Hannifin's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Parker Hannifin's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding130.2 M
Cash And Short Term Investments422 M

Parker Hannifin Technical Analysis

Parker Hannifin's future price can be derived by breaking down and analyzing its technical indicators over time. Parker Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Parker Hannifin. In general, you should focus on analyzing Parker Stock price patterns and their correlations with different microeconomic environments and drivers.

Parker Hannifin Predictive Forecast Models

Parker Hannifin's time-series forecasting models is one of many Parker Hannifin's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Parker Hannifin's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Parker Hannifin

Checking the ongoing alerts about Parker Hannifin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Parker Hannifin help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 84.0% of the company shares are owned by institutional investors
On 6th of December 2024 Parker Hannifin paid $ 1.63 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Pressure Washer Market to Cross USD 3.13 Billion by 2032, Driven by Rising Demand Across Residential, Commercial, and Industrial Sectors SNS Insider
Check out Parker Hannifin Backtesting, Parker Hannifin Valuation, Parker Hannifin Correlation, Parker Hannifin Hype Analysis, Parker Hannifin Volatility, Parker Hannifin History as well as Parker Hannifin Performance.
For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parker Hannifin. If investors know Parker will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parker Hannifin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.07
Dividend Share
6.22
Earnings Share
22.2
Revenue Per Share
155.467
Quarterly Revenue Growth
0.012
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.