RBC Capital analyst Deane Dray maintained a Hold rating on Emerson Electric Company (NYSE:EMR) on Monday, setting a price target of $59, which is approximately 0.46% below the present share price of $59.27.
Dray expects Emerson Electric Company to post earnings per share (EPS) of $0.85 for the second quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Emerson Electric Company, with an average price target of $57.64.
The analysts price targets range from a high of $71 to a low of $49.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.16 billion and a net profit of $708 million. The company's market cap is $36.98 billion.
According to TipRanks.com, RBC Capital analyst Deane Dray is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 3.4% and a 52.15% success rate.
Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves & equipment; process control systems, tools & appliance solutions for customers in a range of industrial, commercial and consumer markets. It operates through the following business segments: Automation Solutions and Commercial & Residential Solutions. The Automation Solutions segment offers products; software and technology; and engineering, project management, consulting services and integrated manufacturing solutions for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs, manufacturing operations, and plants that process or treats various items. The Climate Technologies segment provides products and services for many areas of the climate control industry, including residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Commercial & Residential Solutions segment sells tools for professionals and homeowners and appliance solutions, such as food waste disposer, ceiling fans, lighting, sensing and protection devices. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.