Emerson Electric Company (EMR) : Currently there are 12 street experts covering Emerson Electric Company (EMR) stock. The most bullish and bearish price target for the stock is $60 and $43 respectively for the short term. The average price target of all the analysts comes to $52.58. The estimated standard deviation from the target is $4.72.
Emerson Electric Company (EMR) has seen a rise of 1,560,132 shares or 9.1% in the short interest. The remaining shorts are 2.9% of the total floated shares. The net short interest, as on June 30,2016, stood at 18,733,057 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 4,308,443 shares. On June 15,2016, 17,172,925 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Argus Research upgrades its view on Emerson Electric Company (NYSE:EMR) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on May 11, 2016.
Emerson Electric Company (NYSE:EMR): stock turned positive on Thursday. Though the stock opened at $55.71, the bulls momentum made the stock top out at $56.25 level for the day. The stock recorded a low of $55.6 and closed the trading day at $56.05, in the green by 1.48%. The total traded volume for the day was 6,207,412. The stock had closed at $55.23 in the previous days trading.
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. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs, manufactures, installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Companys Commercial & Residential Solutions segment offers a range of tools, storage products and appliance solutions.