What Are Wall Street Analysts' Target Price for Pentair Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Company Overview and Performance: Pentair plc, a leading water treatment provider with a market cap of $16.1 billion, has outperformed the broader market over the past year, with a 15% increase in shares compared to the S&P 500's 11.5%. Despite a slight decline in revenue for Q1, the company reported strong profitability and reaffirmed its positive earnings outlook.
Analyst Ratings and Future Projections: Analysts maintain a "Moderate Buy" consensus rating for Pentair, with an expected EPS growth of 9.7% year-over-year for the current fiscal year. RBC Capital has raised its price target to $101, indicating potential upside, while the overall sentiment among analysts has become more bullish in recent months.
Analyst Views on PNR
Wall Street analysts forecast PNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PNR is 122.40 USD with a low forecast of 90.00 USD and a high forecast of 135.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
14 Buy
2 Hold
2 Sell
Moderate Buy
Current: 108.140
Low
90.00
Averages
122.40
High
135.00
Current: 108.140
Low
90.00
Averages
122.40
High
135.00
About PNR
Pentair plc is engaged in delivering a comprehensive range of smart, sustainable water solutions to homes, businesses and industries around the world. Its segments include Flow, Water Solutions, and Pool. The Flow segment designs, manufactures and sells a variety of fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, and fluid transfer pumps. The Water Solutions segment designs, manufactures and sells commercial and residential water treatment products and systems, including pressure tanks, control valves, and activated carbon products. The Pool segment designs, manufactures and sells a complete line of energy-efficient residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, and maintenance equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
