AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Parker-Hannifin has reported strong Q2 earnings and a 20% 2024 rally, with a 28% total return over the past year. The stock is trading at a 4% discount to the average Wall Street price target, hinting at potential upside. However, the company scores only 2 out of 6 in our valuation framework, suggesting it is undervalued by two measures. The Discounted Cash Flow (DCF) model estimates an intrinsic fair value per share of $679.47, which is 10.7% below the current share price, indicating the stock is about 10.7% overvalued based on DCF.

Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet