Pall Corp. PT Raised to $78.00 at Wedbush (PLL)
Stock analysts at Wedbush lifted their price objective on shares of Pall Corp. (NYSE:PLL) from $74.00 to $78.00 in a report issued on Tuesday, Analyst Ratings Network reports. Wedbush’s price objective indicates a potential downside of 7.36% from the company’s current price.
Shares of Pall Corp. (NYSE:PLL) traded down 0.36% during mid-day trading on Tuesday, hitting $84.20. The stock had a trading volume of 536,449 shares. Pall Corp. has a 52 week low of $62.72 and a 52 week high of $85.58. The stock’s 50-day moving average is $83.86 and its 200-day moving average is $77.00. The company has a market cap of $9.329 billion and a P/E ratio of 31.27.
Pall Corp. (NYSE:PLL) last released its earnings data on Tuesday, November 26th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.01. The company had revenue of $629.80 million for the quarter, compared to the consensus estimate of $627.27 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Pall Corp. will post $3.41 earnings per share for the current fiscal year.
A number of other firms have also recently commented on PLL. Analysts at Bank of America Corp. upgraded shares of Pall Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. They now have a $98.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pall Corp. in a research note to investors on Friday, December 27th. They now have a $90.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Pall Corp. in a research note to investors on Wednesday, November 20th. They set a “neutral” rating and a $80.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pall Corp. presently has an average rating of “Hold” and a consensus target price of $79.63.
In other Pall Corp. news, Director Edward Travaglianti sold 3,000 shares of the stock on the open market in a transaction dated Monday, January 13th. The stock was sold at an average price of $84.65, for a total transaction of $253,950.00. Following the sale, the director now directly owns 11,214 shares in the company, valued at approximately $949,265. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Pall Corporation is a filtration, separation and purification company. The Company is a supplier of filtration, separation and purification technologies, principally made by the Company using its engineering capability and fluid management, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases.
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