Emerson Electric Company Gets a Buy Rating from Barclays

By Austin Angelo

In a report released today, Julian Mitchell from Barclays initiated coverage with a Buy rating on Emerson Electric Company (NYSE: EMR) and a price target of $80. The company’s shares closed yesterday at $71.31.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 12.0% and a 70.5% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gardner Denver Holdings Inc, and United Technologies Corp.

Currently, the analyst consensus on Emerson Electric Company is Moderate Buy and the average price target is $75.09, representing a 5.3% upside.

In a report issued on February 6, Cowen & Co. also assigned a Buy rating to the stock with a $78 price target.

Emerson Electric Company’s market cap is currently $45.23B and has a P/E ratio of 29.14. The company has a book value ratio of 5.4170.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.

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Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves and equipment; process control systems, and tools and appliance solutions for customers in a range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, Climate Technologies, and Tools and Home Products. 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 treat various items. The 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 Tools and Home Products segment sells tools for professionals and homeowners; and appliance solutions. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.