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Stock impact report

What Does Parker-Hannifin Corporation's (NYSE:PH) Share Price Indicate? [Yahoo! Finance]

Parker-Hannifin Corporation (PH) 
Last parker-hannifin corporation earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: phstock.com
Company Research Source: Yahoo! Finance
The recent jump in the share price has meant that the company is trading around its 52-week high. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, what if the stock is still a bargain? Today we will analyse the most recent data on Parker-Hannifin's outlook and valuation to see if the opportunity still exists. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Is Parker-Hannifin Still Cheap? Parker-Hannifin is currently expensive based on our price multiple model, where we look at the company's price-to-earnings ratio in comparison to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 35.28x is currently well-above the industry average of 27.56x, meaning that it is trading at a more expensive pric Show less Read more
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