In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Hold rating on Emerson Electric Company (EMR), with a price target of $54.00. The company’s shares closed last Wednesday at $51.99.
According to TipRanks.com, Pokrzywinski is a 1-star analyst with an average return of -2.0% and a 43.1% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Honeywell International, and Lennox International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emerson Electric Company with a $64.08 average price target, implying a 22.4% upside from current levels. In a report issued on April 15, RBC Capital also maintained a Hold rating on the stock with a $51.00 price target.
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The company has a one-year high of $78.38 and a one-year low of $37.75. Currently, Emerson Electric Company has an average volume of 5.18M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EMR in relation to earlier this year.
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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. It operates through the following business segments: Automation Solutions and Commercial & Residential Solutions. The Automation Solutions segment offers products; software and technology; and engineering, project management, consulting services and integrated manufacturing solutions for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs, manufacturing operations, and plants that process or treats various items. The Climate Technologies segment provides products and services for many areas of the climate control industry, including residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Commercial & Residential Solutions segment sells tools for professionals and homeowners and appliance solutions, such as food waste disposer, ceiling fans, lighting, sensing and protection devices. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.
