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Is this Large Market Cap Stock target price reasonable for Parker-Hannifin Corporation (NYSE:PH) ?

The company in question is, Parker-Hannifin Corporation (NYSE:PH) currently with a stock price of 154.82 (-0.60% today). The market cap for Parker-Hannifin Corporation is 20635.96, and is in the sector Industrial Goods, and Industrial Equipment & Components industry. The target price for Parker-Hannifin Corporation is 167.07. Currently Parker-Hannifin Corporation is trading with a P/E of 23.9, and a forward P/E of 18.47. Average volume for Parker-Hannifin Corporation is 1073.05 and so far today it is 915300.

Performance in the last year for Parker-Hannifin Corporation has been 38.53%. For EPS growth, Parker-Hannifin Corporation has seen a growth of -15.50%, and is looking to grow in the next year to 11.85%. More long term stats show that EPS growth has been -1.50% over the last five years and could be 10.87% for the next five years. Parker-Hannifin Corporation has seen sales growth quarter over quarter at -1.30%, with EPS growth quarter over quarter at 33.10%. The 20-day simple moving average is -2.17%, with the 200-day simple moving average coming to 14.70%.

Since the IPO date for Parker-Hannifin Corporation on the 07/01/1985, Parker-Hannifin Corporation has seen performance year to date to be 11.08%. With Parker-Hannifin Corporation trading at 154.82, the dividend yield is 1.71%, and the EPS is 6.48.

So could Parker-Hannifin Corporation, be undervalued? Well as said before P/E is 23.9. The PEG is 2.2, P/S is 1.84 and the P/B is at 4.56. The P/cash is 9.36, with P/free cash flow at 32.9.

Parker-Hannifin Corporation ability to deal with debt shows that the current ratio is 2.2, and the quick ratio is 1.7. This is with long term debt/equity at 0.59, and total debt/equity at 0.71.

In terms of margins, Parker-Hannifin Corporation has a gross margin of 23.40%, an operating margin of 10.90% and a profit margin of 7.90%.Payout ratio for Parker-Hannifin Corporation is 38.40%. Return on assets come to 7.40% with return on investment coming to 10.60%.

Insider ownership for Parker-Hannifin Corporation, is at 0.80% and institutional ownership comes to 82.70%. Outstanding shares are at 133.29. While shares float is 131.86. The float short is currently 1.82%, and short ratio is 2.24.

Graphs: Parker-Hannifin Corporation NYSE: PH | Thursday April 20, 2017

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Parker-Hannifin Corporation NYSE: PH

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Parker-Hannifin Corporation NYSE: PH

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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