This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Oppenheimer Sticks to Their Buy Rating for Pentair (PNR)

Tipranks - Tue Mar 10, 7:30AM CDT

In a report released today, Bryan Blair from Oppenheimer reiterated a Buy rating on Pentair, with a price target of $122.00.

Claim 70% Off TipRanks Premium

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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.