News coverage about Emerson Electric (NYSE:EMR) has been trending positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Emerson Electric earned a daily sentiment score of 0.34 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 79 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Emerson Electric Company (NYSE:EMR) Cut to “Sell” at BidaskClub (americanbankingnews.com)
- General Electric Company (GE) Reached a 52-Week High (newstrendstoday.com)
- Should You Buy Emerson (EMR) Ahead of Earnings? – Nasdaq (nasdaq.com)
- Has $279000 Position in Emerson Electric Company (EMR) (emfizz.com)
Several brokerages recently commented on EMR. JMP Securities began coverage on shares of Emerson Electric in a report on Monday, June 19th. They set an “outperform” rating and a $70.00 price target on the stock. Cowen and Company reiterated a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a report on Tuesday, May 2nd. BidaskClub upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Stifel Nicolaus restated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $56.96.
Shares of Emerson Electric (EMR) opened at 59.53 on Friday. Emerson Electric has a 52-week low of $49.22 and a 52-week high of $64.36. The stock has a market cap of $38.37 billion, a PE ratio of 25.43 and a beta of 1.20. The company’s 50-day moving average is $59.85 and its 200-day moving average is $59.67.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Emerson Electric had a net margin of 8.72% and a return on equity of 23.37%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. Equities analysts anticipate that Emerson Electric will post $2.60 EPS for the current year.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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