The shares of Emerson Electric Co. (NYSE:EMR) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on January 14th, 2019. Citigroup wasn’t the only research firm that published a report of Emerson Electric Co., with other equities research analysts also giving their opinion on the stock. RBC Capital Mkts advised investors in its research note published on January 4th, 2019, to Sector Perform the EMR stock. The stock had earned Outperform rating from Credit Suisse when it published its report on January 3rd, 2019. The stock was given Equal Weight rating by Barclays in its report released on December 17th, 2018, the day when the price target on the stock was placed at $71. Barclays was of a view that EMR is Equal Weight in its latest report on December 17th, 2018. Gordon Haskett thinks that EMR is worth Hold rating. This was contained in the firm’s report on December 12th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 12 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $71.83. The price of the stock the last time has raised by 20.83% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 63.23.
The shares of the company added by 0.27% during the trading session on Monday, reaching a low of $66.49 while ending the day at $66.92. During the trading session, a total of 2.65 million shares were traded which represents a 42.91% incline from the average session volume which is 4.65M shares. EMR had ended its last session trading at 66.74. Emerson Electric Co. currently has a market cap of $41.65B, while its P/E ratio stands at 20.85, while its P/E earnings growth sits at 2.35, with a beta of 1.22. Emerson Electric Co. debt-to-equity ratio currently stands at 0.72, while its quick ratio hovers at 0.60. EMR 52-week low price stands at $55.38 while its 52-week high price is $79.70.
The company in its last quarterly report recorded $0.74 earnings per share which is above the $0.66 predicted by most analysts. The Emerson Electric Co. generated $4,147.00 million in revenue during the last quarter, which is slightly lower than the $4,221.43 million predicted by analysts. In the second quarter last year, the firm recorded $0.89 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -20.27%. Emerson Electric Co. has the potential to record 3.21 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Atlantic Equities published a research note on February 11th, 2019 where it informed investors and clients that CBS Corporation (NYSE:CBS) is now rated as Neutral. Their price target on the stock stands at $56. RBC Capital Mkts also rated CBS as Downgrade on January 4th, 2019, with its price target of $35 suggesting that CBS could surge by 24.43% from its current share price. Even though the stock has been trading at $49.56/share, analysts expect it to surge higher by -2.97% to reach $63.64/share. It started the day trading at $49.61 and traded between $47.945 and $48.09 throughout the trading session.
A look at its technical shows that CBS’s 50-day SMA is 48.33 while its 200-day SMA stands at 53.02. The stock has a high of $59.59 for the year while the low is $41.38. The company’s P/E ratio currently sits at 10.30, while the P/B ratio is 7.18. The company’s average trading volume currently stands at 3.08M shares, which means that the short-interest ratio is just 2.79 days. Over the past seven days, the company moved, with its shift of -2.87%. Looking further, the stock has dropped -16.81% over the past 90 days while it lost -10.23% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co bought more CBS shares, increasing its portfolio by +31.61% during the last quarter. This move now sees Capital Research Management Co purchasing 7,877,689 shares in the last quarter, thus it now holds 32,802,753 shares of CBS, with a total valuation of $1,434,136,361. Capital Research Management Co meanwhile sold more CBS shares in the recently filed quarter, changing its stake to $1,046,354,651 worth of shares. The Vanguard Group Inc followed the path by increasing its CBS portfolio by +1.95% in the quarter. This means that The Vanguard Group Inc bought 445,008 shares in the last quarter and now controls 23,303,404 shares of the CBS stock, with the valuation hitting $1,018,824,823.
Similarly, SSgA Funds Management Inc decreased its CBS Corporation shares by -5.40% during the recently filed quarter. After selling -715,208 shares in the last quarter, the firm now controls 12,528,018 shares of CBS Corporation which are valued at $547,724,947. In the same vein, JPMorgan Investment Management I increased its CBS Corporation shares by during the most recent reported quarter. The firm bought 650,853 shares during the quarter which increased its stakes to 5,452,683 shares and is now valued at $238,391,301. Following these latest developments, around 0.10% of CBS Corporation stocks are owned by institutional investors and hedge funds.