At the time of writing, Emerson Electric Co. [EMR] stock is trading at $108.14, up 1.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EMR shares have gain 2.11% over the last week, with a monthly amount glided 17.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Emerson Electric Co. [NYSE: EMR] stock has seen the most recent analyst activity on January 04, 2024, when Mizuho upgraded its rating to a Buy and also boosted its price target to $118 from $95. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on October 03, 2023, and set its price target to $120. On October 03, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $104 on the stock. Vertical Research upgraded its rating to a Buy but stick to its price target of $120 on September 15, 2023. Argus upgraded its rating to a Buy but $110 remained the price target by the analyst firm on August 28, 2023. In a note dated August 22, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $83 to $107.
For the past year, the stock price of Emerson Electric Co. fluctuated between $76.94 and $107.58. Currently, Wall Street analysts expect the stock to reach $106.16 within the next 12 months. Emerson Electric Co. [NYSE: EMR] shares were valued at $108.14 at the most recent close of the market. An investor can expect a potential drop of -1.83% based on the average EMR price forecast.
Analyzing the EMR fundamentals
According to Emerson Electric Co. [NYSE:EMR], the company’s sales were 15.91B for trailing twelve months, which represents an 22.02% jump. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.68%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.59 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 107.43 points at the first support level, and at 106.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.02, and for the 2nd resistance point, it is at 109.89.
Emerson Electric Co. [EMR] reported earnings per share of $1.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.04/share, meaning a difference of $0.18 and a surprise factor of 17.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.29 per share as compared to estimates of $1.31 per share, a difference of -$0.02 representing a surprise of -1.50%.
Ratios To Look Out For
It is important to note that Emerson Electric Co. [NYSE:EMR] has a current ratio of 1.12. In addition, the Quick Ratio stands at 0.80 and the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 3.89, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 149.94.
Transactions by insiders
Recent insider trading involved LEVATICH MATTHEW S, Director, that happened on Feb 15 when 1933.0 shares were sold. President & CEO, Karsanbhai Surendralal Lanca completed a deal on Feb 14 to sell 2344.0 shares. Meanwhile, Director BLINN MARK A sold 2413.0 shares on Feb 09.
