In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Emerson Electric Company (NYSE: EMR), with a price target of $78. The company’s shares closed yesterday at $69.20.
According to TipRanks.com, Khanna is a 4-star analyst with an average return of 12.0% and a 71.1% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Emerson Electric Company has an analyst consensus of Hold, with a price target consensus of $74.20.
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Based on Emerson Electric Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.25 billion and net profit of $482 million. In comparison, last year the company earned revenue of $3.57 billion and had a net profit of $278 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.
