Cowen reaffirmed their buy rating on shares of Emerson Electric (NYSE:EMR) in a report issued on Wednesday morning. Cowen currently has a $78.00 price objective on the industrial products company’s stock.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Emerson Electric from a hold rating to a buy rating and set a $78.00 price target for the company in a research note on Thursday, February 8th. UBS started coverage on Emerson Electric in a research note on Monday, January 22nd. They issued a buy rating and a $73.26 price target for the company. Vertical Research upgraded Emerson Electric from a hold rating to a buy rating in a research note on Tuesday, January 2nd. JMP Securities downgraded Emerson Electric from an outperform rating to a market perform rating and decreased their price target for the stock from $74.45 to $56.77 in a research note on Thursday, February 1st. Finally, Wells Fargo reissued a market perform rating and issued a $73.00 target price (up previously from $65.00) on shares of Emerson Electric in a report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $71.07.
NYSE:EMR opened at $70.20 on Wednesday. The stock has a market capitalization of $44,565.63, a P/E ratio of 26.29, a PEG ratio of 2.13 and a beta of 1.18. Emerson Electric has a one year low of $56.77 and a one year high of $74.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. G&S Capital LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $101,000. Cerebellum GP LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $129,000. Global Trust Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $146,000. Trustcore Financial Services LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $160,000. Finally, Calton & Associates Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $169,000. 69.97% of the stock is currently owned by institutional investors.
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About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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