Emerson Electric (NYSE:EMR) Target Raised by Morgan Stanley to $59.00

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Emerson Electric stock has undergone multiple analysts rating changes in the recent past.  Emerson Electric stock Target Raised by   Morgan Stanley on 6/30/2020. In a note to investors, the firm issued a new target price of $59.00. The analysts previously had $54.00 target price. Morgan Stanley’s price target would indicate a potential upside of -3.88% from the stock’s previous close.

Shares of Emerson Electric traded up $0.45 on Tuesday, reaching $61.83. 607729 shares of the stock traded hands, compared to its average volume of 3432642. Shares of were trading at $61.83 on Tuesday. The firm’s 50 day moving average is $$58.74 and its 200 day moving average is $64.95.Emerson Electric  has a 12 month low of $60.92 and a 12 month high of $78.38. While on yearly highs and lows, Emerson Electric today has traded high as $62.00 and has touched $60.92 on the downward trend.

Emerson Electric Earnings and What to expect: 

Emerson Electric last issued its quarterly earnings results on April 21st, 2020. The industrial products company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.12. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Its revenue for the quarter was up 9.8% compared to the same quarter last year. Emerson Electric has generated $3.69 earnings per share over the last year and currently has a price-to-earnings ratio of 17.6. Emerson Electric has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for Emerson Electric are expected to grow by 4.58% in the coming year, from $3.06 to $3.20 per share. The P/E ratio of Emerson Electric is 17.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Emerson Electric is 17.59, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.76. Emerson Electric has a PEG Ratio of 3.12. PEG Ratios above 1 indicate that a company could be overvalued. Emerson Electric has a P/B Ratio of 4.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.50%
  • On 6/23/2020 VP Bell Katherine Button Sell 687 at average share price of $62.27 which equates to $42,779.49 in money value.
  • On 6/8/2020 COO Steven J Pelch Sell 5,061 at average price of  $67.51 with total value of : Not Data Available
  • On 3/10/2020 Director Arthur F Golden Buy 5,000 at average price of  $51.47 with total value of : $257,350.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Emerson Electric

  • 6/17/2020 – Emerson Electric was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 5/19/2020 – Emerson Electric was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $60.00 price target on the stock.
  • 5/8/2020 – Emerson Electric had its price target raised by analysts at UBS Group AG from $47.00 to $53.00. They now have a “neutral” rating on the stock.
  • 4/29/2020 – Emerson Electric had its “hold” rating re-affirmed by analysts at Cowen Inc. They now have a $63.00 price target on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Morgan Stanley: 

  • 6/30/2020 – Gates Industrial had its price target raised by analysts at Morgan Stanley from $9.00 to $11.00. They now have an “equal weight” rating on the stock.
  • 6/30/2020 – Plug Power had its price target raised by analysts at Morgan Stanley from $6.00. They now have an “equal weight” rating on the stock.
  • 6/30/2020 – Restaurant Brands International had its price target raised by analysts at Morgan Stanley from $60.00 to $62.00. They now have an “overweight” rating on the stock.
  • 6/30/2020 – Rockwell Automation had its price target raised by analysts at Morgan Stanley from $177.00 to $220.00. They now have an “equal weight” rating on the stock.
  • See More Analyst Rating at: RATING

Emerson Electric (NYSE:EMR) Moving Average Technical Analysis

5 day Moving Average is $$60.58 And 5 day price change is -$0.16 (-0.26%)  with average volume for 5 day average is 2,608,074. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $62.78 and 20 day price change is $0.51 (0.83%) and average 20 day moving volume is 3,296,293. 50 day moving average is $58.74  and 50 day price change is $10.74 ( 21.09%)  and with average volume for 50 days is : 3,654,285. 200 day moving average is $64.95  and 200 day price change is -$3.89 (-5.93%)  and with average volume for 200 days is : 3,780,730.

See More Analyst Rating at: RATING