Emerson Electric Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:EMR)
Emerson Electric (NYSE:EMR) has received an average recommendation of “Buy” from the eighteen analysts that are presently covering the company, ARN reports. Eight investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $67.06.
Shares of Emerson Electric (NYSE:EMR) opened at 68.59 on Tuesday. Emerson Electric has a 1-year low of $53.27 and a 1-year high of $70.66. The stock has a 50-day moving average of $65.7 and a 200-day moving average of $66.43. The company has a market cap of $48.218 billion and a price-to-earnings ratio of 24.58.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.67. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that Emerson Electric will post $3.79 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Emerson Electric from $75.00 to $79.00 in a research note on Friday, April 11th. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research note on Friday, March 21st. They now have a $77.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Emerson Electric in a research note on Thursday, March 13th. They now have a $67.00 price target on the stock.
Emerson Electric Co (NYSE:EMR) is a diversified global technology company.
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