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Emerson (NYSE:EMR) Wins “Neutral” Rating for “Sell” from Goldman Sachs

Goldman Sachs Analyst Rating Change Emerson NYSE:EMR

Emerson (NYSE:EMR) Change of Rating

Emerson (NYSE:EMR) was boosted by expert analysts at Goldman Sachs from “Sell” rating to “Neutral” rating in analysts report shared with investors on Friday morning.

Out of 20 brokers covering Emerson, 4 rate it a Buy, 17 indicate a Hold while 4 suggest a Sell. The highest target is $60 and the lowest is $43 according to Thomson/First Call. The 12-month mean target is $53.35, which means downside potential of 11.20% over the current price.

Institutional Ownership

Ruffer Llp had the biggest stake with ownership of 2.81 million shares as of Q2 2015 for 8.9% of the stocks portfolio. Plancorp Llc is another notably bullish fund who is possessing 231,549 shares of Emerson or 8.02% of their stocks portfolio. Also, Tnb Financial have 7.62% of their stocks portfolio invested in the company for 239,083 shares. The Guernsey-based fund Longview Partners (Guernsey) Ltd disclosed it had purchased so far a stake worth about 4.62% of the fund’s stock portfolio in Emerson. The Texas-based fund Matterhorn Capital Management Llc is also positive about the stock, possessing 13.08 million shares or 4.34% of their stocks portfolio.

Emerson (NYSE:EMR) Profile

Emerson Electric CoEmerson Electric Co. is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions. The Company’s principal production operations are electronics assembly, metal stamping, forming, casting, machining, welding, plating, heat treating, painting and assembly.

Emerson (NYSE:EMR) traded down -0.30% on 27 January, hitting $60.08. A total of shares of the company’s stock traded hands. This is down from average of 2.99M shares. Emerson has a 52 week low of $42.68 and a 52 week high of $60.93. The company has a market cap of $39.47B and a P/E ratio of 24.44.

Get the latest Emerson (NYSE:EMR) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Emerson (NYSE:EMR) Wins “Neutral” Rating for “Sell” from Goldman Sachs appeared first on Octafinance.

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Emerson (NYSE:EMR) Wins “Neutral” Rating for “Sell” from Goldman Sachs


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