[Business Wire] – Emerson Network Power, a business of Emerson and a global leader in maximizing availability, capacity and efficiency of critical infrastructure, today announced that a
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Emerson Electric Co. (EMR), with a current value of $44.57B, opened this morning at $63.39.
During today’s session, EMR traded between $63.14 to $63.64 with a trailing 52-week range being $53.09 to $70.66.
EMR shares are currently priced at 16.69x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.02x forward p/e ratio.
And for those looking to make a return holding the stock, the company pays shareholders $1.72 per share annually in dividends, yielding 2.70%.
In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.85 per share, which would be $0.08 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.79, which would be a $0.25 better when compared to the last year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.96 Billion. If realized, that would be a 0.00% decrease over the year-ago quarter.
More recently, Oppenheimer downgraded EMR from Outperform to Perform (Nov 20, 2012). Previously, Deutsche Bank Initiated EMR at to Hold.
Given all the information above, we should disclose to readers that the average price target is $72.30, which is 14.06% above than it opened this morning.
Emerson Electric (NYSE:EMR), a diversified technology company, engages in designing and supplying products & technology and providing engineering services and solutions to the industrial, commercial and consumer markets worldwide. Emerson Electric Co. was founded in 1890 and is headquartered in St. Louis, Missouri.
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