Emerson Electric (EMR) reported earnings 30 days ago. What's next for the stock?
Emerson Electric (EMR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
From a technical perspective, Emerson Electric (EMR) is looking like an interesting pick, as it just reached a key level of support. EMR recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
Positive: Increased capital investment is driving revenue & EPS above historic trend rates. Negative: Continues ¨Portfolio¨ M&A has flat-lined cash flow and cut into ROIC. Consensus valuation of US$128 (+13%) backs into a target P/E of 23x and 1.5x P/E that seems reasonable.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Emerson Electric (EMR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.