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PNR

Pentair

$40.29

0.58 (1.46%)

07:07
04/17/19
04/17
07:07
04/17/19
07:07

Pentair backs FY19 adj. EPS view of $2.30-$2.35, consensus 2.38

Backs FY19 revenue guidance of up 1%-2% on a reported basis and approximately flat to up 1% on a core basis compared to last year.

  • 17

    Apr

PNR Pentair
$40.29

0.58 (1.46%)

04/10/19
BMOC
04/10/19
NO CHANGE
Target $43
BMOC
Market Perform
Pentair price target lowered to $43 from $47 at BMO Capital
BMO Capital analyst R. Scott Graham lowered his price target on Pentair to $43 after the company cut its Q1 and 2019 guidance due to weather factors impacting its high-margin Aquatics segment, channel inventory excesses, and slowdown in other verticals. The analyst also keeps his Market Perform rating but maintains a positive view on the company's portfolio, margins, and free cash flow profiles, stating that the stock price decline after yesterday's guidance may be overdone.
04/09/19
WBLR
04/09/19
NO CHANGE
WBLR
Outperform
Pool selloff on supplier warning a buying opportunity, says William Blair
William Blair analyst Ryan Merkel attributes the 5% pullback today in shares of Pool Corp. (POOL) to Pentair (PNR) cutting its Q1 and full-year guidance. Pentair is Pool's largest supplier at roughly 20% of sales, Merkel tells investors in a research note. Nonetheless, Pool's 2019 estimates are intact as most of the delayed sales in the first quarter due to weather can be made up over the course of the full season, says the analyst. In addition, he believes Pentair is different for a few reasons. Pentair has a pool business and an agricultural business, and the agriculture business has been and will continue to be impacted by unfavorable weather in key regions, contends Merkel. Further, the analyst thinks Pentair's pool business started to pick up in late March and into April as weather in pool regions improved. He does not believe the pool supplies market is seeing slower demand for 2019. As such, the analyst recommends using the "rare" pullback in Pool Corp. today as a buying opportunity. He views the selloff as overdone and keeps an Outperform rating on the name. The stock in midday trading is down 5%, or $8.61, to $161.31. Pentair is down 14%, or $6.54, to $38.70.
03/26/19
JPMS
03/26/19
NO CHANGE
Target $50
JPMS
Overweight
JPMorgan's Tusa calls Pentair top mid cap story, boosts target to $50
JPMorgan analyst Stephen Tusa raised his price target for Pentair to $50 from $45 saying the company is his top mid cap story "into the next several years." Pentair offers a "consumer slanted name at which underappreciated headwinds in 2018/2019 flip, with balance sheet optionality the kicker," Tusa tells investors in a research note. He believes a "combination of improvement in historically proven drivers, price and net productivity as visible investments level off, set the stage for well above average margin expansion." The analyst keeps an Overweight rating on Pentair.
12/18/18
MSCO
12/18/18
INITIATION
Target $41
MSCO
Equal Weight
Pentair initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Joshua Pokrzywinski initiated Pentair with an Equal Weight rating and $41 price target, as he thinks its secular growth potential can offset a slowdown in housing activity. However, as he sees secular growth as uncertain, Pokrzywinski believes Pentair will have to resort to its balance sheet and excess free cash flow to achieve EPS targets in 2019 and possibly 2020, the analyst added.

TODAY'S FREE FLY STORIES

SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

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MMNFF

MedMen

$0.00

(0.00%)

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

11:05
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Earnings
1st Constitution Bancorp reports Q1 EPS 39c, two estimates 36c »

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QUMU

Qumu

$2.83

-0.035 (-1.22%)

11:03
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Qumu announces death of director Thomas Madison »

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  • 01

    May

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    May

FAT

Fat Brands

$5.15

0.065 (1.28%)

10:54
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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

10:52
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  • 01

    May

COTY

Coty

$11.27

0.02 (0.18%)

10:48
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NTES

NetEase

$265.88

-2.34 (-0.87%)

10:45
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09:10
04/19/19
04/19
09:10
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09:10
General news
Today's U.S. housing report revealed March declines »

Today's U.S. housing…

08:45
04/19/19
04/19
08:45
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08:45
General news
U.S. housing starts fell 0.3% to 1.139 M in March »

U.S. housing starts fell…

08:15
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General news
Housing Starts to be reported at 08:30 »

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General news
Housing Starts Permits to be reported at 08:30 »

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08:05
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General news
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U.S. housing starts…

NDEKY

Nitto Denko

$0.00

(0.00%)

06:53
04/19/19
04/19
06:53
04/19/19
06:53
Downgrade
Nitto Denko rating change at Goldman Sachs »

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CURO

Curo Group

$10.96

0.16 (1.48%)

04:55
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04/19
04:55
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Conference/Events
Curo Group management to meet with Jefferies »

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  • 19

    Apr

  • 16

    May

  • 05

    Jun

  • 13

    Nov

04:55
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Breaking General news story  »

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04:55
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Housing Starts Permits to be reported at 08:30 »

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AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

04:55
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Conference/Events
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AON

Aon plc

$175.38

-0.14 (-0.08%)

MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

WLTW

Willis Towers Watson

$177.37

0.45 (0.25%)

03/08/13
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  • 19

    Apr

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ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

21:07
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  • 18

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    May

UBER

Uber

$0.00

(0.00%)

, TM

Toyota

$125.10

0.93 (0.75%)

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$0.00

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TM

Toyota

$125.10

0.93 (0.75%)

DNZOY

Denso

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

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  • 05

    Jun

FIX

Comfort Systems USA

$57.58

0.06 (0.10%)

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  • 05

    Jun

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    Jun

NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

19:29
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Periodicals
Nissan to cut global output by 15% in FY19/20, Nikkei reports »

Nissan Motor (NSANY) will…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

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