Mizuho Securities Remains a Buy on Pentair (PNR)
Mizuho Securities analyst Brett Linzey maintained a Buy rating on Pentair yesterday and set a price target of $100.00. The company’s shares closed yesterday at $80.84.
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Linzey covers the Industrials sector, focusing on stocks such as Xylem, Rockwell Automation, and Vertiv Holdings. According to TipRanks, Linzey has an average return of 16.2% and a 72.78% success rate on recommended stocks.
Currently, the analyst consensus on Pentair is a Moderate Buy with an average price target of $104.58, a 29.37% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a $106.00 price target.
Based on Pentair’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.04 billion and a net profit of $172.4 million. In comparison, last year the company earned a revenue of $1.01 billion and had a net profit of $154.9 million
Based on the recent corporate insider activity of 69 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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