Emerson Electric Co. (EMR) Stock Rating Upgraded by Vetr Inc.
Emerson Electric Co. (NYSE:EMR) was upgraded by research analysts at Vetr from a “strong sell” rating to a “sell” rating in a report issued on Monday. The firm presently has a $47.31 target price on the stock. Vetr‘s price target suggests a potential downside of 10.23% from the company’s current price.
A number of other research firms also recently issued reports on EMR. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Wells Fargo & Co. reaffirmed a “hold” rating and issued a $52.00 target price on shares of Emerson Electric in a research report on Monday, July 18th. Barclays PLC reaffirmed an “equal weight” rating and issued a $55.00 target price (down previously from $56.00) on shares of Emerson Electric in a research report on Monday, July 18th. Buckingham Research downgraded Emerson Electric from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $49.00 to $44.00 in a research report on Friday, August 19th. Finally, Credit Suisse Group AG downgraded Emerson Electric from an “outperform” rating to a “neutral” rating and set a $57.00 target price for the company. in a research report on Friday, August 19th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.91.
Shares of Emerson Electric (NYSE:EMR) opened at 52.70 on Monday. The stock’s 50 day moving average price is $52.65 and its 200 day moving average price is $53.42. The firm has a market cap of $33.91 billion, a price-to-earnings ratio of 18.66 and a beta of 1.19. Emerson Electric has a 12 month low of $41.25 and a 12 month high of $56.82.
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Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Equities research analysts predict that Emerson Electric will post $2.92 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of EMR. Aperio Group LLC raised its position in shares of Emerson Electric by 15.8% in the first quarter. Aperio Group LLC now owns 318,571 shares of the company’s stock worth $17,324,000 after buying an additional 43,398 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in shares of Emerson Electric during the first quarter worth about $783,000. Alexandria Capital LLC raised its position in shares of Emerson Electric by 399.4% in the first quarter. Alexandria Capital LLC now owns 5,753 shares of the company’s stock worth $313,000 after buying an additional 4,601 shares during the last quarter. Virginia Retirement System purchased a new position in shares of Emerson Electric during the first quarter worth about $577,000. Finally, Badgley Phelps & Bell Inc. purchased a new position in shares of Emerson Electric during the first quarter worth about $205,000. 69.40% of the stock is owned by hedge funds and other institutional investors.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
To view Vetr’s full report, visit Vetr’s official website.
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