3 Technology Stocks On The Rise
2. As of noon trading, Emerson Electric ( EMR) is up $0.62 (1.09) to $57.44 on average volume Thus far, 2.2 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $56.67-$57.68 after having opened the day at $56.84 as compared to the previous trading day's close of $56.82. Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $40.3 billion and is part of the electronics industry. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 14 rate it a hold. TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, increase in stock price during the past year, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Emerson Electric Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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