Bernstein Keeps Their Buy Rating on Emerson Electric Company (EMR)
In a report released yesterday, from Bernstein maintained a Buy rating on Emerson Electric Company, with a price target of $175.00. The company’s shares closed yesterday at $139.52.
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Emerson Electric Company has an analyst consensus of Moderate Buy, with a price target consensus of $160.58.
Based on Emerson Electric Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.56 billion and a net profit of $618 million. In comparison, last year the company earned a revenue of $4.43 billion and had a net profit of $485 million
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EMR in relation to earlier this year. Last month, Ram R. Krishnan, the Executive Vice Pres & COO of EMR sold 11,500.00 shares for a total of $1,624,030.00.
Read More on EMR:
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