RBC Capital analyst Deane Dray reiterated a Buy rating on Emerson Electric Company (NYSE: EMR) today and set a price target of $81. The company’s shares opened today at $74.57, close to its 52-week high of $75.25.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.8% and a 61.1% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Honeywell International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emerson Electric Company with a $80.25 average price target, a 7.6% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $78 price target.
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The company has a one-year high of $75.25 and a one-year low of $57.47. Currently, Emerson Electric Company has an average volume of 2.66M.
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.
