RBC Capital Sticks to Its Buy Rating for Pentair (PNR)
In a report released on April 7, Deane Dray from RBC Capital maintained a Buy rating on Pentair, with a price target of $107.00. The company’s shares closed yesterday at $87.06.
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Dray covers the Industrials sector, focusing on stocks such as Lennox International, nVent Electric, and Dover. According to TipRanks, Dray has an average return of 12.8% and a 60.32% success rate on recommended stocks.
In addition to RBC Capital, Pentair also received a Buy from TipRanks – PerPlexity’s PerPlexity Industrial – Machinery in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold 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.
