Oppenheimer Sticks to Their Buy Rating for Pentair (PNR)
In a report released today, Bryan Blair from Oppenheimer reiterated a Buy rating on Pentair, with a price target of $122.00.
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According to TipRanks, Blair is a 5-star analyst with an average return of 19.1% and a 67.04% success rate. Blair covers the Industrials sector, focusing on stocks such as Pentair, Zurn Water Solutions, and Mueller Water Products.
In addition to Oppenheimer, Pentair also received a Buy from Seaport Global’s Scott Graham in a report issued on March 5. However, on the same day, KeyBanc maintained 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.
Read More on PNR:
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- Pentair price target lowered to $130 from $135 at Seaport Research
- Pentair price target lowered to $102 from $115 at Barclays
- Pentair price target lowered to $125 from $140 at Seaport Research
- Pentair price target lowered to $122 from $128 at Oppenheimer
- Pentair price target lowered to $117 from $124 at RBC Capital
