Why Emerson Electric Company (NYSE:EMR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $51.19 on Emerson Electric Company (NYSE:EMR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.93 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Emerson Electric Company (NYSE:EMR) stands at 18.70.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Emerson Electric Company Common, the PEG ratio for coming 3-5 years is 3.30.

Technical Analysis

The technical analysis highlights that Emerson Electric Company Common current is trading $-1.67 points away or -3.06% from its 50-day moving average of $54.47. Further it is trading $0.25 or +0.48% away its 200-day moving average of $52.55.

The 52-week high of Emerson Electric Company (NYSE:EMR) was $56.82 while lowest point recorded in 52-week was $41.25. It implies if stock price makes a movement of over $-4.02, it will record a new 52-week high. In the case of +28.00% drop, it will touch a new 52-week low.

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