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 $73.11. The price of the stock the last time has raised by 21.84% 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 53.61.
The shares of the company dipped by -0.65% during the trading session on Thursday, reaching a low of $67.38 while ending the day at $67.48. During the trading session, a total of 3.07 million shares were traded which represents a 25.57% incline from the average session volume which is 4.13M shares. EMR had ended its last session trading at 67.92. Emerson Electric Co. currently has a market cap of $41.91B, while its P/E ratio stands at 21.02, while its P/E earnings growth sits at 2.36, 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 Robert W. Baird published a research note on February 7th, 2019 where it informed investors and clients that PACCAR Inc (NASDAQ:PCAR) is now rated as Outperform. RBC Capital Mkts also rated PCAR as Downgrade on January 4th, 2019, with its price target of $24 suggesting that PCAR could down by 0% from its current share price. Even though the stock has been trading at $68.74/share, analysts expect it to surge higher by -0.42% to reach $68.45/share. It started the day trading at $68.73 and traded between $68.095 and $68.45 throughout the trading session.
A look at its technical shows that PCAR’s 50-day SMA is 64.70 while its 200-day SMA stands at 63.49. The stock has a high of $70.39 for the year while the low is $52.10. The company’s P/E ratio currently sits at 10.97, while the P/B ratio is 2.78. At the moment, only of PACCAR Inc shares were sold short. The company’s average trading volume currently stands at 2.18M shares, which means that the short-interest ratio is just 3.75 days. Over the past seven days, the company moved, with its shift of 1.98%. Looking further, the stock has raised 22.60% over the past 90 days while it gained 2.63% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PCAR shares, increasing its portfolio by +3.60% during the last quarter. This move now sees The Vanguard Group Inc purchasing 944,890 shares in the last quarter, thus it now holds 27,183,274 shares of PCAR, with a total valuation of $1,843,025,977. BlackRock Fund Advisors meanwhile bought more PCAR shares in the recently filed quarter, changing its stake to $1,183,102,271 worth of shares. SSgA Funds Management Inc followed the path by increasing its PCAR portfolio by +0.25% in the quarter. This means that SSgA Funds Management Inc bought 35,954 shares in the last quarter and now controls 14,439,425 shares of the PCAR stock, with the valuation hitting $978,993,015.
Similarly, Bank of America NA decreased its PACCAR Inc shares by -23.13% during the recently filed quarter. After selling -2,241,461 shares in the last quarter, the firm now controls 7,449,546 shares of PACCAR Inc which are valued at $505,079,219. In the same vein, Geode Capital Management LLC increased its PACCAR Inc shares by during the most recent reported quarter. The firm bought 350,337 shares during the quarter which increased its stakes to 5,068,951 shares and is now valued at $343,674,878. Following these latest developments, around 1.40% of PACCAR Inc stocks are owned by institutional investors and hedge funds.