Emerson Electric Given Consensus Recommendation of “Hold” by Brokerages (NYSE:EMR)
Shares of Emerson Electric (NYSE:EMR) have been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the stock, AnalystRatingsNetwork reports. Seven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $70.69.
Emerson Electric (NYSE:EMR) traded up 0.43% on Tuesday, hitting $67.55. The stock had a trading volume of 397,204 shares. Emerson Electric has a one year low of $56.96 and a one year high of $70.66. The stock’s 50-day moving average is $67.15 and its 200-day moving average is $66.66. The company has a market cap of $47.403 billion and a price-to-earnings ratio of 24.12.
Emerson Electric (NYSE:EMR) last released its earnings data on Tuesday, May 6th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.81 by $0.04. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Emerson Electric will post $3.75 earnings per share for the current fiscal year.
EMR has been the subject of a number of recent research reports. Analysts at Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $75.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Emerson Electric in a research note on Thursday, May 22nd. They now have a $69.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Emerson Electric in a research note on Wednesday, May 7th. They now have a $69.00 price target on the stock, up previously from $68.00.
Emerson Electric Co (NYSE:EMR) is a diversified global technology company.
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