Buckingham Research Downgrades Emerson Electric Co. to Underperform with Price Target $44.00

Brokerage firm Buckingham Research Downgrades its rating on Emerson Electric Co.(NYSE:EMR). In a research note issued to the investors, the brokerage major Lowers the price-target to $44.00 per share. The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Buckingham Research was issued on Aug 19, 2016.

In a different note, On Aug 19, 2016, Credit Suisse said it Downgrades its rating on Emerson Electric Co.. The shares have been rated ‘Neutral’ by the firm. On Aug 8, 2016, JP Morgan said it Assumes its rating on Emerson Electric Co.. The shares have been rated ‘Neutral’ by the firm. On Aug 8, 2016, Deutsche Bank said it Maintains its rating on Emerson Electric Co.. In the research note, the firm Lowers the price-target to $55.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on Emerson Electric Co.. In the research note, the firm Lowers the price-target to $56.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 3, 2016, Citigroup said it Maintains its rating on Emerson Electric Co.. In the research note, the firm Lowers the price-target to $49.00 per share. The shares have been rated ‘Sell’ by the firm. On Aug 3, 2016, Barclays said it Maintains its rating on Emerson Electric Co.. In the research note, the firm Lowers the price-target to $55.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Emerson Electric Co. (EMR) remained unchanged at the close of Monday session. Even as the volume increased to 26,59,710 ,the shares failed to make any impression and ended at 0 points or 0.00% at $53.73. The trading session commenced at $53.73 and the stock hit a high of $54.05 and touched $53.58 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $56.82 and the 52-week low is $41.25. The company has a market cap of $34,577 M and has approximately 64,35,37,430 outstanding shares.

Emerson Electric Co.(EMR) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $5.13B. Analysts had an estimated revenue of $5.33B. Earnings per share were $0.80. Analysts had estimated an EPS of $0.84.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2015, Arthur F Golden (director) purchased 4,000 shares at $49.40 per share price.

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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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