In a report released today, Gautam Khanna from Cowen & Co. assigned a Buy rating to Emerson Electric Company (NYSE: EMR), with a price target of $78. The company’s shares opened today at $72.05, close to its 52-week high of $74.45.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.5% and a 77.4% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Currently, the analyst consensus on Emerson Electric Company is Hold and the average price target is $74.20, representing a 3.0% upside.
In a report issued on May 3, Stifel Nicolaus also maintained a Buy rating on the stock with a $80 price target.
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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.
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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.