Emerson Electric Given New $60.00 Price Target at FBR Capital (EMR) - InvestingChannel

Emerson Electric Given New $60.00 Price Target at FBR Capital (EMR)

Equities research analysts at FBR Capital boosted their price target on shares of Emerson Electric (NYSE: EMR)

A number of other analysts have also recently weighed in on EMR. Analysts at TheStreet reiterated a “buy” rating on shares of Emerson Electric in a research note to investors on Tuesday, March 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Emerson Electric in a research note to investors on Friday, February 15th. They now have a $61.00 price target on the stock.

Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $58.26.

Emerson Electric (NYSE: EMR) traded up 0.57% on Monday, hitting $56.79. Emerson Electric has a 52-week low of $43.59 and a 52-week high of $58.67. The stock’s 50-day moving average is currently $57.13. The company has a market cap of $41.006 billion and a price-to-earnings ratio of 20.23. Emerson Electric (NYSE: EMR) last released its earnings data on Tuesday, February 5th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Emerson Electric has set its FY13 guidance at $3.53-3.63 EPS. Analysts expect that Emerson Electric will post $3.60 EPS for the current fiscal year.

Emerson Electric Co (NYSE: EMR) is a regional manufacturer of electric motors and fans into a diversified global technology company.