Emerson Electric (EMR) Receives Buy Rating from Cowen

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.

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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.



Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. analysts predict that Emerson Electric will post 3.12 EPS for the current year.

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.

Analyst Recommendations for Emerson Electric (NYSE:EMR)

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