Barclays Sticks to Their Hold Rating for Pentair (PNR)
Barclays analyst Julian Mitchell maintained a Hold rating on Pentair today and set a price target of $95.00.
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According to TipRanks, Mitchell is a 5-star analyst with an average return of 13.8% and a 60.60% success rate. Mitchell covers the Industrials sector, focusing on stocks such as Eaton, nVent Electric, and Regal Rexnord.
In addition to Barclays, Pentair also received a Hold from TipRanks – Google’s Google Industrial – Machinery in a report issued yesterday. However, on the same day, Jefferies initiated coverage with a Buy rating on Pentair (NYSE: PNR).
Based on Pentair’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.02 billion and a net profit of $166.1 million. In comparison, last year the company earned a revenue of $972.9 million and had a net profit of $166.4 million
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNR in relation to earlier this year.
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