Emerson Electric Company (EMR) : 16 analysts are covering Emerson Electric Company (EMR) and their average rating on the stock is 2.75, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 2 more analyst has given the stock a Sell recommendation. A total of 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Emerson Electric Company (EMR) : 12 Wall Street analysts covering Emerson Electric Company (EMR) believe that the average level the stock could reach for the short term is $52.5. The maximum price target given is $60 and the minimum target for short term is around $43, hence the standard deviation is calculated at $4.74.
Emerson Electric Company (NYSE:EMR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.73 and $50.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.67, notching a gain of 1.21% for the day. The total traded volume was 2,743,970 . The stock had closed at $51.05 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Argus Research, upgrades their rating on the shares of Emerson Electric Company (NYSE:EMR). Argus Research has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 11, 2016. The company shares have dropped -5.43% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $56.82 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $51.96 and the 200 Day Moving Average price is recorded at $50.57.
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.