Emerson Electric PT Raised to $60.00 (EMR)
Stock analysts at Barclays Capital upped their price objective on shares of Emerson Electric (NYSE:EMR) from $56.00 to $60.00 in a report issued on Monday, AnalystRatings.NET reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s target price suggests a potential downside of 5.84% from the stock’s previous close.
A number of other firms have also recently commented on EMR. Analysts at Zacks reiterated a “neutral” rating on shares of Emerson Electric in a research note to investors on Friday, September 27th. They now have a $69.00 price target on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Emerson Electric from $62.00 to $68.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Emerson Electric from $66.00 to $68.00 in a research note to investors on Friday, August 9th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $61.55.
Emerson Electric (NYSE:EMR) traded down 0.39% during mid-day trading on Monday, hitting $63.72. 1,968,853 shares of the company’s stock traded hands. Emerson Electric has a 52 week low of $47.10 and a 52 week high of $66.79. The stock’s 50-day moving average is $63.10 and its 200-day moving average is $58.71. The company has a market cap of $45.530 billion and a P/E ratio of 31.27.
Emerson Electric (NYSE:EMR) last released its earnings data on Tuesday, August 6th. The company reported $0.97 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.98 by $0.01. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts expect that Emerson Electric will post $3.48 EPS for the current fiscal year.
Emerson Electric Co (NYSE:EMR) is a diversified global technology company.
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