ERock, Inc. (NYSE:EROC - Get Free Report) has been assigned an average rating of "Buy" from the nine analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.8750.
Several equities research analysts have recently issued reports on the company. Evercore began coverage on ERock in a report on Monday, July 6th. They set an "outperform" rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on ERock in a research note on Monday, July 6th. They issued an "overweight" rating and a $24.00 target price for the company. Guggenheim started coverage on ERock in a research report on Monday, July 6th. They set a "buy" rating and a $23.00 target price on the stock. Barclays assumed coverage on ERock in a research note on Monday, July 6th. They issued an "overweight" rating and a $23.00 price target on the stock. Finally, Wolfe Research initiated coverage on shares of ERock in a research note on Monday, July 6th. They set an "outperform" rating and a $24.00 price objective for the company.
View Our Latest Stock Analysis on EROC
Hedge Funds Weigh In On ERock
A number of hedge funds have recently made changes to their positions in the stock. Kayne Anderson Capital Advisors LP purchased a new stake in shares of ERock during the 2nd quarter valued at $710,000. Readystate Asset Management LP purchased a new position in shares of ERock in the 2nd quarter worth $725,000. Wellington Management Group LLP acquired a new position in ERock in the second quarter valued at $7,228,000. Finally, Value Aligned Research Advisors LLC acquired a new position in ERock in the second quarter valued at $19,516,000.
ERock Trading Down 6.2%
Shares of EROC opened at $13.25 on Tuesday. The firm's 50 day moving average price is $13.21. ERock has a 1 year low of $8.88 and a 1 year high of $20.70.
ERock (NYSE:EROC - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.25. The firm had revenue of $39.88 million during the quarter, compared to analysts' expectations of $26.45 million. On average, equities analysts predict that ERock will post -0.3 EPS for the current year.
ERock Company Profile
(
Get Free Report)
ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.
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