Emerson Electric Company (EMR) Receives ‘Analyst’ Rating

Emerson Electric Company (EMR) : The consensus on Emerson Electric Company (EMR) based on 16 analyst recommendation on the company stock is 2.94, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Emerson Electric Company (EMR).

Emerson Electric Company (EMR) : The most positive equity analysts on Emerson Electric Company (EMR) expects the shares to touch $58, whereas, the least positive believes that the stock will trade at $43 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $50.17 with an expected fluctuation of $4.22 from the mean.


Also, Equity analysts at the Brokerage firm Credit Suisse downgrades its rating on Emerson Electric Company (NYSE:EMR). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The Analysts at Credit Suisse maintains a current price target of $57 per share. The rating by the firm was issued on August 19, 2016.

Emerson Electric Company (NYSE:EMR): After opening at $51.2, the stock dipped to an intraday low of $51.0401 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.74 and the buying power remained strong till the end. The stock closed at $51.58 for the day, a gain of 0.57% for the day session. The total traded volume was 3,268,652. The stocks close on the previous trading day was $51.29.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.