Predicting Future Price Moves In Emerson Electric Co. (EMR)

Emerson Electric Co. (NYSE:EMR) does about 2.57M shares in volume on a normal day but saw 1871389 shares change hands in Monday trading. The company now has a market cap of 62.20B USD. Its current market price is $108.73, marking an increase of 0.69% compared to the previous close of $107.98. The 52 week high reached by this stock is $116.76 whilst the lowest price level in 52 weeks is $83.10.

Emerson Electric Co. (EMR) has a 20-day trading average at $111.53 and the current price is -6.88% off the 52-week high compared with 30.84% distance from its 52-week low. The 50-day simple moving average of the closing price is $111.21 and its 200-day simple moving average is $100.72. If we look at the stock’s price movements over the week, volatility stands at 1.97%, which decreases to 1.62% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 44.86 to suggest the stock is neutral.

The consensus objective for the share price is $130.77, suggesting that the stock has a potential upside of 16.85% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 09, 2024 when Deutsche Bank upgraded the stock to “Buy” and issued a price target of between $123 and $138. Mizuho also upgraded the stock to “Buy” from Neutral on January 04, 2024 at a price target of $95-$118. KeyBanc Capital Markets initiated its price target at $120.

Emerson Electric Co. (EMR) stock is down -0.28% over the week and -5.93% over the past month. Its price is 11.71% year-to-date and 29.33% over the past year.

To reach the target analysts have set, the stock logically needs to grow 16.85 percent from here.

The company has a return on investment of 0.44% and return on equity of 11.98%. The price to earnings ratio (P/E ratio) amounts to 513.36 while the forward price to earnings ratio is 18.06. The beta has a value of 1.32. Price to book ratio is 2.98 and price to sales ratio is 3.76.