Shares of ERock, Inc. (NYSE:EROC – Get Free Report) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $22.50.
EROC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on ERock in a report on Monday, July 6th. They set an “overweight” rating and a $24.00 price target for the company. Wolfe Research initiated coverage on ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $24.00 price objective for the company. Guggenheim lowered their price objective on shares of ERock from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. Evercore assumed coverage on shares of ERock in a research report on Monday, July 6th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of ERock from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th.
Read Our Latest Stock Analysis on ERock
Institutional Trading of ERock
ERock Stock Down 1.1%
NYSE EROC opened at $11.59 on Wednesday. The business’s 50-day simple moving average is $12.62. ERock has a twelve month low of $8.88 and a twelve month high of $20.70. The firm has a market cap of $558.29 million and a PE ratio of -193.17.
ERock (NYSE:EROC – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25. The business had revenue of $39.88 million during the quarter, compared to analyst estimates of $26.45 million. As a group, sell-side analysts predict that ERock will post -0.32 earnings per share for the current fiscal year.
About ERock
ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.
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