ERock, Inc. (NYSE:EROC) Stock Has Consensus Price Target of $22.50 According to Brokerages

ERock, Inc. (NYSE:EROC – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.50.

Several equities analysts have recently commented on the stock. Wolfe Research initiated coverage on shares of ERock in a report on Monday, July 6th. They set an “outperform” rating and a $24.00 price target on the stock. Barclays began coverage on shares of ERock in a research note on Monday, July 6th. They issued an “overweight” rating and a $23.00 price target on the stock. Morgan Stanley increased their price objective on ERock from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. JPMorgan Chase & Co. assumed coverage on ERock in a research report on Monday, July 6th. They set an “overweight” rating and a $24.00 price objective for the company. Finally, BNP Paribas Exane set a $22.00 price objective on ERock and gave the company an “outperform” rating in a research report on Monday, July 6th.

Get Our Latest Stock Analysis on ERock

Institutional Investors Weigh In On ERock

A number of large investors have recently bought and sold shares of EROC. Value Aligned Research Advisors LLC bought a new stake in shares of ERock during the 2nd quarter worth about $19,516,000. Wellington Management Group LLP bought a new position in ERock in the 2nd quarter worth $7,228,000. BlueCrest Capital Management Ltd bought a new position in ERock in the 2nd quarter worth $2,900,000. Readystate Asset Management LP bought a new position in ERock in the 2nd quarter worth $725,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in ERock during the 2nd quarter worth $710,000.

ERock Price Performance

Shares of EROC opened at $11.59 on Wednesday. The stock has a market capitalization of $558.29 million and a P/E ratio of -193.17. The company’s 50 day moving average is $12.62. ERock has a 52 week low of $8.88 and a 52 week high of $20.70.

ERock (NYSE:EROC – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.25. The company had revenue of $39.88 million during the quarter, compared to analysts’ expectations of $26.45 million. As a group, equities analysts predict that ERock will post -0.32 earnings per share for the current year.

About ERock

(Get Free Report)

ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.

Further Reading

Analyst Recommendations for ERock (NYSE:EROC)

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