Emerson Electric Receives Consensus Rating of “Hold” from Brokerages (NYSE:EMR)
Shares of Emerson Electric (NYSE:EMR) have received an average recommendation of “Hold” from the thirteen brokerages that are covering the company, AnalystRatingsNetwork reports. Seven analysts have rated the stock with a hold recommendation and five 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 $70.85.
A number of analysts have recently weighed in on EMR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Emerson Electric in a research note on Friday. They now have a $71.00 price target on the stock. Separately, analysts at Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, July 11th. They now have a $75.00 price target on the stock.
Shares of Emerson Electric (NYSE:EMR) opened at 67.39 on Tuesday. Emerson Electric has a 1-year low of $59.25 and a 1-year high of $70.66. The stock’s 50-day moving average is $67.22 and its 200-day moving average is $66.63. The company has a market cap of $47.291 billion and a price-to-earnings ratio of 24.02.
Emerson Electric (NYSE:EMR) last issued its quarterly 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.
Emerson Electric Co (NYSE:EMR) is a diversified global technology company.
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