Revenue Forecast of Emerson Electric Co. (EMR)
- Author: Zachary Reyes Jun 15, 2017,
Jun 15, 2017, 0:31
Cubist Systematic Strategies Lc stated it has 0.26% of its portfolio in General Electric Company (NYSE:GE). After a recent check, 1 analyst has rated the stock with a sell rating, 10 have assigned a hold rating, 1 says it's a buy, and 7 have assigned an Outperform rating to the company, according to Reuters. Kwmg Llc sold 12,667 shares as General Electric Co (GE)'s stock declined 7.64%.
Narrowing in, the stock is at a distance of -2.81% from the 50 day high and 5.51% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Emerson Electric Co.
Analysts on average have given a price target of $61.32 to Emerson Electric Co. On average, equities research analysts forecast that Emerson Electric Company will post $2.60 EPS for the current year.
This recommendation lands on a scale between 1 and 5. Orrstown Financial Services Inc. now owns 36,017 shares of the conglomerate's stock worth $1,073,000 after buying an additional 2,599 shares during the last quarter. Regentatlantic Capital LLC now owns 168,429 shares of the conglomerate's stock worth $5,019,000 after buying an additional 786 shares in the last quarter. Cadence Bank & Trust Na has invested 3.5% in General Electric Company (NYSE:GE). Overall, the share price is up 9.13% so far this year. A total of 3.45 million shares exchanged at hands and its average trading volume is standing at 3.4 million shares. Going toward to the 50-day, we can see that shares are now trading 2.93% off of that figure. State of Alaska Department of Revenue now owns 4,480 shares of the utilities provider's stock valued at $226,000 after buying an additional 90 shares during the last quarter. The rating was downgraded by Buckingham Research to "Underperform" on Friday, August 19. Its up 0.10, from 0.97 in 2016Q3. Emerson Electric Co. had 44 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has "Outperform" rating by William Blair given on Tuesday, October 13. Nationwide Fund Advisors boosted its stake in shares of El Paso Electric Company by 3.4% in the first quarter. Stephens Invest Mngmt Gp Ltd Liability Corporation holds 0% or 1,115 shares in its portfolio. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since June 14, 2016 and is uptrending. Shares for $7,046 were bought by DIMITRIEF ALEXANDER on Monday, January 23. On Monday, October 3 the stock rating was initiated by Berenberg with "Sell".
Cullen Frost Bankers stated it has 1.45 million shares. Mu Invests Com Ltd stated it has 6,980 shares or 0.17% of all its holdings. Smith & Howard Wealth Management Limited Liability Com owns 6,500 shares. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW). Sigma Planning holds 0.73% or 212,340 shares. As per Thursday, March 23, the company rating was maintained by BMO Capital Markets.
Investors sentiment decreased to 0.82 in Q4 2016. The rating was maintained by Stifel Nicolaus with "Buy" on Wednesday, October 14. The company was maintained on Monday, January 30 by Morgan Stanley. The stock has a market capitalization of $2.14 billion, a P/E ratio of 21.76 and a beta of 0.52.
In other news, insider Delancey W. Davis sold 4,071 shares of the stock in a transaction on Monday, May 22nd.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. As per Wednesday, August 26, the company rating was upgraded by Vertical Research. More interesting news about General Electric Company (NYSE:GE) were released by: Reuters.com and their article: "GE wins United States antitrust approval for Baker Hughes deal" published on June 12, 2017 as well as Seekingalpha.com's news article titled: "General Electric: Beware The Kitchen Sink" with publication date: June 07, 2017. Credit Suisse Group AG reissued a "buy" rating and issued a $34.00 price target on shares of General Electric Company in a report on Tuesday, April 11th. It also upped Raytheon Co (NYSE:RTN) stake by 2,304 shares and now owns 7,540 shares. Purvis Edgar M Jr sold $922,737 worth of stock. Apple Inc (NASDAQ:AAPL) was reduced too. The rating was initiated by Goldman Sachs on Thursday, May 19 with "Buy". Transocean Ltd. (NYSE:RIG) retains focus with Emerson Electric Co. Snow Mngmt Ltd Partnership holds 0.02% of its portfolio in General Electric Company (NYSE:GE) for 13,175 shares. On Friday, December 16 the stock rating was upgraded by Bernstein to "Outperform". Cullen/Frost Bankers, Inc. (CFR) shares have moved 7.37% in the week and 10.18% in the month. Cowen and Company reaffirmed a "hold" rating and issued a $62.00 price objective on shares of Emerson Electric Company in a research note on Tuesday, April 25th.
Since January 1, 0001, it had 0 insider purchases, and 11 sales for $14.77 million activity.
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