Emerson Electric Company with ticker code (EMR) have now 23 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 125 and 99 with a mean TP of 110.65. Given that the stocks previous close was at 93.97 this is indicating there is a potential upside of 17.8%. The 50 day moving average now sits at 93.61 and the 200 moving average now moves to 96.27. The market cap for the company is $56,359m. Company Website: https://www.emerson.com
The potential market cap would be $66,363m based on the market concensus.
Emerson Electric Co. designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. The company operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems. It serves the oil and gas, refining, chemicals, power generation, life sciences, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies markets. The Commercial & Residential Solutions segment offers residential and commercial heating and air conditioning products, such as residential and variable speed scroll compressors; system protector and flow control devices; standard, programmable, and Wi-Fi thermostats; monitoring equipment and electronic controls for gas and electric heating systems; gas valves for furnaces and water heaters; ignition systems for furnaces; sensors and thermistors for home appliances; and temperature sensors and controls. The company also provides reciprocating, scroll, and screw compressors; precision flow controls; system diagnostics and controls; and environmental control systems for use in medical, food processing, and cold storage applications. In addition, this segment offers air conditioning, refrigeration, and lighting control technologies, as well as facility design and product management, site commissioning, facility monitoring, and energy modeling services; and professional and homeowner tools, and appliance solutions. The company was formerly known as The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. was incorporated in 1890 and is headquartered in St. Louis, Missouri.
