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RBC Capital Stick to Their Hold Rating for Emerson Electric Company

Published 04/20/2021, 05:07 AM
Updated 04/20/2021, 05:07 AM


RBC Capital analyst Deane Dray maintained a Hold rating on Emerson Electric Company (NYSE:EMR) on Tuesday, setting a price target of $96, which is approximately 4.59% above the present share price of $91.79.

Dray expects Emerson Electric Company to post earnings per share (EPS) of $0.74 for the second quarter of 2021.

The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Emerson Electric Company, with an average price target of $95.42.
The analysts price targets range from a high of $104 to a low of $85.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $4.16 billion and a net profit of $647 million. The company's market cap is $55.08 billion.

According to TipRanks.com, RBC Capital analyst Deane Dray is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.5% and a 61.29% success rate.

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.

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