Short Term Price Target on Emerson Electric Company (EMR)

Emerson Electric Company (NYSE:EMR) : 12 Wall Street analysts covering Emerson Electric Company (NYSE:EMR) believe that the average level the stock could reach for the short term is $52.5. The maximum price target given is $60 and the minimum target for short term is around $43, hence the standard deviation is calculated at $4.74.

Emerson Electric Co. has dropped 3.88% during the last 3-month period . Year-to-Date the stock performance stands at 11.16%. Also, Equity analysts at the Brokerage firm Argus Research upgrades its rating on Emerson Electric Company (NYSE:EMR). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on May 11, 2016.

Emerson Electric Company (NYSE:EMR) : Zacks Investment Research ranks Emerson Electric Company (NYSE:EMR) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.75, which indicates as a Hold.

Emerson Electric Company (NYSE:EMR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.90 and $50.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.16, notching a gain of 2.96% for the day. The total traded volume was 4,271,712 . The stock had closed at $50.66 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Emerson Electric Co, Golden Arthur F had purchased shares worth of $197,600 in a transaction dated on August 7, 2015. A total of 4,000 shares were purchased at a price of $49.4 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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