Emerson Electric Given Consensus Recommendation of “Buy” by Brokerages (NYSE:EMR)
Shares of Emerson Electric (NYSE:EMR) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the stock, American Banking News.com reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $71.08.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $72.00 to $69.00 in a research note on Friday, August 8th. Separately, analysts at Nomura reiterated a “buy” rating on shares of Emerson Electric in a research note on Wednesday, August 6th. They now have a $76.00 price target on the stock, down previously from $84.00. Finally, analysts at Morgan Stanley cut their price target on shares of Emerson Electric from $69.00 to $68.00 in a research note on Wednesday, August 6th.
Emerson Electric (NYSE:EMR) opened at 64.95 on Monday. Emerson Electric has a one year low of $60.14 and a one year high of $70.66. The stock’s 50-day moving average is $65.29 and its 200-day moving average is $66.01. The company has a market cap of $45.330 billion and a price-to-earnings ratio of 18.16.
Emerson Electric (NYSE:EMR) last released its earnings data on Tuesday, August 5th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.06 by $0.03. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Analysts expect that Emerson Electric will post $3.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Wednesday, August 13th.
Emerson Electric Co (NYSE:EMR) is a diversified global technology company.
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