Emerson Electric (NYSE:EMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $77.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.03% from the company’s previous close.
According to Zacks, “Emerson has a decent earnings surprise history, with two earnings beats and two in-line earnings in the trailing four quarters. Notably, Emerson’s shares have outpaced the industry in the past six months.Going forward, company is well positioned to benefit from the global infrastructure growth, as its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending. The company’s aggressive restructuring actions and strategic divestures look successful. Thriving HVAC and refrigeration business, strength in United States & Asia and high infrastructure spending is expected to drive growth ahead. Despite these positives, prolonged softness in the oil and gas markets, has affected both capital spending and operational expenditure of clients. Moreover, stiff competition and escalating restructuring expenses may weigh on its financials.”
Several other brokerages have also issued reports on EMR. Cowen reiterated a “buy” rating and issued a $72.00 target price on shares of Emerson Electric in a research report on Wednesday, December 20th. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Barclays started coverage on shares of Emerson Electric in a research report on Thursday, February 15th. They issued an “overweight” rating and a $80.00 target price on the stock. JPMorgan Chase upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $70.38 to $80.00 in a research report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Emerson Electric currently has an average rating of “Hold” and an average target price of $71.07.
EMR opened at $70.62 on Tuesday. Emerson Electric has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market capitalization of $44,051.38, a price-to-earnings ratio of 25.99, a PEG ratio of 2.11 and a beta of 1.18.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. equities analysts anticipate that Emerson Electric will post 3.12 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. G&S Capital LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $101,000. Cerebellum GP LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $129,000. Global Trust Asset Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $146,000. Trustcore Financial Services LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $160,000. Finally, Calton & Associates Inc. acquired a new position in Emerson Electric in the 4th quarter valued at about $169,000. Hedge funds and other institutional investors own 69.97% of the company’s stock.
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Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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