Barclays analyst Julian Mitchell maintained a Buy rating on Emerson Electric Company (NYSE: EMR) today and set a price target of $85. The company’s shares opened today at $74.29, close to its 52-week high of $75.25.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 11.4% and a 73.4% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Rockwell Automation Inc, and Lennox International.
Currently, the analyst consensus on Emerson Electric Company is a Moderate Buy with an average price target of $81.80, representing a 10.1% upside. In a report released yesterday, Cowen & Co. also assigned a Buy rating to the stock with a $81 price target.
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Based on Emerson Electric Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.46 billion and net profit of $712 million. In comparison, last year the company earned revenue of $4.04 billion and had a net profit of $399 million.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.
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Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves and equipment; process control systems, and tools and appliance solutions for customers in a range of industrial, commercial, and consumer markets.
