Zacks’ analyst wrote, “We are reaffirming our Neutral recommendation on Pall Corporation with a target price of $75.00. Though the company’s Life Sciences segment sales increased by 5% during the quarter, Industrial Segment sales were down by 5%, while Aerospace and Biopharmaceutical were the major benefactors for the company. Within the Industrial segment, process technologies and micro electronics markets showed a poor performance, as these were mainly affected by weakness in the European and Global demands. However, this prevailing dullness in business was partially revived by Pall’s Aerospace business which derived significant benefits from the emerging markets and last quarter’s backlogs. The company is expected to witness a difficult year ahead due to weak macroeconomic conditions. Pall Corp. has taken some cost reduction initiatives with a focus on the Industrial segment to improve the segment’s performance.”
A number of other firms have also recently commented on PLL. Analysts at Bank of America reiterated a neutral rating on shares of Pall in a research note to investors on Wednesday, May 29th. They now have a $74.00 price target on the stock, up previously from $70.00. Separately, analysts at EVA Dimensions upgraded shares of Pall to a hold rating in a research note to investors on Wednesday, May 15th. Finally, analysts at Jefferies Group initiated coverage on shares of Pall in a research note to investors on Tuesday, May 7th. They set a hold rating and a $62.00 price target on the stock.
Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $69.29.
Shares of Pall (NYSE: PLL) traded down 0.03% during mid-day trading on Friday, hitting $68.31. Pall has a 52 week low of $49.97 and a 52 week high of $73.19. The stock’s 50-day moving average is currently $68.16. The company has a market cap of $7.648 billion and a P/E ratio of 13.66.
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.
To view Zacks’ full report, visit www.zacks.com