Nomura Reaffirms Buy Rating on Emerson Electric (EMR)
Shares of Emerson Electric opened at 47.86 on Wednesday. Emerson Electric has a 52 week low of $39.50 and a 52 week high of $58.47. The company has a market cap of $35.110 billion and a P/E ratio of 15.13.
Emerson Electric last announced its earnings results on Tuesday, May 1st. The company reported $0.74 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.80 by $0.06. Emerson Electric’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Emerson Electric will post $1.14 earnings per share next quarter.
A number of other analysts have also recently weighed in on EMR. Analysts at Zacks reiterated a “neutral” rating on shares of Emerson Electric in a research note to investors on Wednesday, May 2nd. They now have a $52.00 price target on the stock. Separately, analysts at Credit Suisse (NYSE: CS) cut their price target on shares of Emerson Electric to $53.00 in a research note to investors on Wednesday, May 2nd. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. Finally, analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of Emerson Electric from $54.00 to $51.00 in a research note to investors on Wednesday, May 2nd. They now have a “market perform” rating on the stock.
Emerson Electric Co is engaged in designing and supplying product technology and delivering engineering services and solutions in a range of industrial, commercial and consumer markets around the world.