Emerson Electric Company (EMR) has been under a strong bear grip, hence the stock is down -3.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.09% in the past 1 week. The stock has risen by 1.42% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.88% in the past 4 weeks.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.26% and the fifty day Moving Average is 0.46%. Emerson Electric Co. is up 3.84% in the last three month period. Year-to-Date the stock performance stands at 15.51%.
Emerson Electric Company (EMR) stock is expected to deviate a maximum of $4.23 from the average target price of $50.08 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $43.
Emerson Electric Company (NYSE:EMR): On Fridays trading session , Opening price of the stock was $54.27 with an intraday high of $54.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $53.51. However, the stock managed to close at $53.73, a loss of 0.67% for the day. On the previous day, the stock had closed at $54.09. The total traded volume of the day was 2,614,538 shares.
Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs, manufactures, installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Companys Commercial & Residential Solutions segment offers a range of tools, storage products and appliance solutions.