Analysts at Jefferies Group boosted their target price on shares of Pall Corp. (NYSE:PLL) from $62.00 to $71.00 in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential downside of 7.08% from the stock’s previous close.
A number of other firms have also recently commented on PLL. Analysts at Zacks reiterated a “neutral” rating on shares of Pall Corp. (NYSE:PLL) in a research note to investors on Friday, September 27th. They now have a $81.00 price target on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of Pall Corp. (NYSE:PLL) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 19th. Finally, analysts at Credit Suisse raised their price target on shares of Pall Corp. (NYSE:PLL) from $78.00 to $84.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Pall Corp. has an average rating of “Hold” and an average price target of $74.33.
Shares of Pall Corp. (NYSE:PLL) traded down 1.06% on Thursday, hitting $76.41. The stock had a trading volume of 645,468 shares. Pall Corp. has a 52 week low of $58.18 and a 52 week high of $78.13. The stock’s 50-day moving average is $73.18 and its 200-day moving average is $69.64. The company has a market cap of $8.545 billion and a P/E ratio of 15.34.
Pall Corp. (NYSE:PLL) last announced its earnings results on Thursday, August 29th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.01. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $714.35 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Analysts expect that Pall Corp. will post $3.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 8th. Investors of record on Friday, October 18th will be given a dividend of $0.28 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, October 16th. This is an increase from Pall Corp.’s previous quarterly dividend of $0.25.
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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