Emerson Electric Company (EMR) Receives a Hold from Barclays


In a report released yesterday, Julian Mitchell from Barclays maintained a Hold rating on Emerson Electric Company (EMR), with a price target of $65. The company’s shares closed last Monday at $59.49.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 10.2% and a 68.7% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Gates Industrial Corp Plc, and United Technologies Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emerson Electric Company with a $70.38 average price target.

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Based on Emerson Electric Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.68 billion and net profit of $604 million. In comparison, last year the company earned revenue of $4.46 billion and had a net profit of $712 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.

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