Wells Fargo analyst Rich Kwas maintained a Hold rating on Emerson Electric Company (EMR) today. The company’s shares opened today at $61.20.
According to TipRanks.com, Kwas is a 4-star analyst with an average return of 6.3% and a 51.0% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Lennox International, and Ingersoll-Rand.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emerson Electric Company with a $76.83 average 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 $4.57 billion and net profit of $520 million. In comparison, last year the company earned revenue of $4.25 billion and had a net profit of $482 million.
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Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves & equipment; process control systems, tools & appliance solutions for customers in a range of industrial, commercial and consumer markets.
