TipRanksStock Market NewsEMR NewsEmerson Electric Company (EMR) Receives a Buy from RBC Capital

Emerson Electric Company (EMR) Receives a Buy from RBC Capital

RBC Capital analyst Deane Dray maintained a Buy rating on Emerson Electric Company (EMRResearch Report) on January 19 and set a price target of $116.00. The company’s shares closed last Thursday at $93.65.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 11.7% and a 57.9% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Honeywell International, and Mueller Water Products.

Emerson Electric Company has an analyst consensus of Moderate Buy, with a price target consensus of $108.40.

See today’s best-performing stocks on TipRanks >>

Based on Emerson Electric Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.95 billion and net profit of $670 million. In comparison, last year the company earned revenue of $4.56 billion and had a net profit of $723 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Emerson Electric Co. engages in the designing and manufacturing of engineering and technology products for industrial, commercial, and consumer markets worldwide. It offers measurement and analytical instrumentation, industrial solutions, actuators and regulators, valves, and process control systems and solutions. The company also provides products and services used in industrial and commercial refrigeration, commercial air conditioning, residential cooling and heating, and cold chain management.

Read More on EMR:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More