The Bullseye Now Turns To Facebook, Inc. (FB), Emerson Electric Co. (EMR) – The RNS Daily

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A look at FB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 68.07 point. Its trading volume has lost -6813242 shares compared to readings over the past three months as it recently exchanged 12166758 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 18980000 shares, and this is 0.64 times the normal volume.

Facebook, Inc. (NASDAQ:FB) climbed by 24.55% over the past three months which led to its overall six-month increase to stand at 18.31%. The equity price rose 1.92% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 5.25% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 9.29% and is now up by 36.62% since start of this year.

The shares of Facebook, Inc. dropped by -18.08% or -$39.52 from its last recorded high of $218.62 which it attained on July 25 to close at $179.1 per share. Over the past 52 weeks, the shares of Facebook, Inc. has been trading as low as $123.02 before witnessing a massive surge by 45.59% or $56.08. This price movement has led to the FB stock receiving more attention and has become one to watch out for. It jumped by 0.9% on Sunday and this got the market excited. The stock’s beta now stands at 0.89 and when compared to its 200-day moving average and its 50-day moving average, FB price stands 9.9% above and 6.74% above respectively. Its average daily volatility for this week is 1.16% which is less than the 1.93% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Facebook, Inc. (FB) with most of them predicting a $196.44 price target on a short-term (12 months) basis. The average price target by the analysts will see a 9.68% rise in the stock and would lead to FB’s market cap to surge to $561.82B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 44 analysts that track Facebook, Inc. (NASDAQ:FB) and find out that 7 of them rated it as a Hold. 36 of the 37 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Emerson Electric Co. (NYSE:EMR) currently stands at $72.1 after it went up by $0.64 or 0.9% and has found a strong support at $71.73 a share. If the EMR price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $71.37 mark would also be bad for the stock as it means that the stock would plunge by 1.01% from its current position. However, if the stock price is able to trade above the resistance point around $72.43, then it could likely surge higher to try and break the upward resistance which stands at $72.77 a share. Its average daily volatility over the past one month stands at 1.43%. The stock has plunged by 0.55% from its 52-weeks high of $71.7 which it reached on Apr. 10, 2018. In general, it is 23.19% above its 52-weeks lowest point which stands at $55.38 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Emerson Electric Co. (EMR) for 1 year and it stands at an average $75.22/share. This means that it would likely increase by 4.33% from its current position. The current price of the stock has been moving between $71.7 and $72.4. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $60. On the other hand, one analyst is super bullish about the price, setting a target as high as $86.

The EMR stock Stochastic Oscillator (%D) is at 86.89%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.5 which compares to the 4.72 recorded by the industry or the 3.09 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 17.63, which is lower than the 22.46 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 2.7% over the past five years.

Analysts view Emerson Electric Co. (NYSE:EMR) as a Hold, with 2.3 consensus rating. Reuters surveyed 23 analysts that follow EMR and found that 11 of those analysts rated the stock as a Hold. The remaining 12 were divided, with 12 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Emerson Electric Co. (EMR) shares or sell it if they already own it.

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