The price-to-earnings ratio for Pentair plc (NYSE: PNR) is 21.04x, which is above its average ratio. Moreover, the 36-month beta value for PNR is 1.23. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 3 as “sell.”
The public float for PNR is 165.30M and currently, short sellers hold a 2.02% of that float. On May 01, 2024, PNR’s average trading volume was 1.66M shares.
PNR) stock’s latest price update
The stock price of Pentair plc (NYSE: PNR) has plunged by -1.81 when compared to previous closing price of 80.55, but the company has seen a 0.79% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-23 that Pentair plc (NYSE:PNR ) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Shelly Hubbard – Vice President of Investor Relations John Stauch – President and Chief Executive Officer Bob Fishman – Executive Vice President, Chief Financial Officer and Chief Accounting Officer Conference Call Participants Michael Halloran – Robert W. Baird Brian Lee – Goldman Sachs Damian Karas – UBS Andrew Kaplowitz – Citigroup Steve Tusa – JPMorgan Bryan Blair – Oppenheimer Julian Mitchell – Barclays Jeffrey Hammond – KeyBanc Capital Markets Nathan Jones – Stifel Deane Dray – RBC Capital Markets Brett Linzey – Mizuho Securities Andrew Buscaglia – Exane BNP Paribas Saree Boroditsky – Jefferies Andrew Krill – Deutsche Bank Scott Graham – Seaport Research Joseph Giordano – TD Cowen Operator Hello and welcome to the Pentair First Quarter 2024 Earnings Conference Call.
PNR’s Market Performance
Pentair plc (PNR) has seen a 0.79% rise in stock performance for the week, with a -6.30% decline in the past month and a 8.49% surge in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.27% for PNR. The simple moving average for the last 20 days is -2.26% for PNR stock, with a simple moving average of 12.06% for the last 200 days.
Analysts’ Opinion of PNR
Many brokerage firms have already submitted their reports for PNR stocks, with Northcoast repeating the rating for PNR by listing it as a “Buy.” The predicted price for PNR in the upcoming period, according to Northcoast is $100 based on the research report published on April 15, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see PNR reach a price target of $91. The rating they have provided for PNR stocks is “Neutral” according to the report published on March 22nd, 2024.
Exane BNP Paribas gave a rating of “Neutral” to PNR, setting the target price at $86 in the report published on March 12th of the current year.
PNR Trading at -1.57% from the 50-Day Moving Average
After a stumble in the market that brought PNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.83% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -4.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.57% upper at present.
During the last 5 trading sessions, PNR rose by +0.79%, which changed the moving average for the period of 200-days by +20.07% in comparison to the 20-day moving average, which settled at $80.71. In addition, Pentair plc saw 8.77% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PNR starting from Rolchigo Philip M., who sale 2,427 shares at the price of $72.00 back on Dec 14 ’23. After this action, Rolchigo Philip M. now owns 18,535 shares of Pentair plc, valued at $174,744 using the latest closing price.
JONES DAVID A /WI, the Director of Pentair plc, sale 2,260 shares at $67.85 during a trade that took place back on Dec 13 ’23, which means that JONES DAVID A /WI is holding 23,081 shares at $153,341 based on the most recent closing price.
Stock Fundamentals for PNR
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.38 for the gross margin
The net margin for Pentair plc stands at 0.15. The total capital return value is set at 0.13. Equity return is now at value 20.46, with 9.36 for asset returns.
Based on Pentair plc (PNR), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 6.7.
Currently, EBITDA for the company is 854.0 million with net debt to EBITDA at 2.39. When we switch over and look at the enterprise to sales, we see a ratio of 3.72. The receivables turnover for the company is 4.67for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.
Conclusion
To wrap up, the performance of Pentair plc (PNR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
