ERock, Inc. (NYSE:EROC) Given Average Recommendation of “Buy” by Brokerages

by · The Markets Daily

Shares of ERock, Inc. (NYSE:EROC – Get Free Report) have earned an average recommendation of “Buy” from the nine analysts that are currently covering the company, Marketbeat reports. One research 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 analysts that have covered the stock in the last year is $22.8750.

Several research analysts have recently commented on EROC shares. Morgan Stanley lifted their price target on ERock from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Wolfe Research began coverage on shares of ERock in a report on Monday, July 6th. They issued an “outperform” rating and a $24.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of ERock in a research report on Monday, July 6th. They set an “overweight” rating and a $24.00 price objective for the company. Evercore initiated coverage on shares of ERock in a research report on Monday, July 6th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, Wall Street Zen raised shares of ERock to a “hold” rating in a research note on Saturday, June 20th.

Check Out Our Latest Report on ERock

Institutional Trading of ERock

A number of hedge funds and other institutional investors have recently made changes to their positions in EROC. Kayne Anderson Capital Advisors LP purchased a new stake in shares of ERock during the 2nd quarter valued at approximately $710,000. Readystate Asset Management LP purchased a new position in ERock in the second quarter worth approximately $725,000. Wellington Management Group LLP purchased a new position in ERock in the second quarter worth approximately $7,228,000. Finally, Value Aligned Research Advisors LLC purchased a new position in ERock in the second quarter worth approximately $19,516,000.

ERock Stock Down 4.9%

NYSE:EROC opened at $11.71 on Tuesday. ERock has a one year low of $8.88 and a one year high of $20.70. The firm has a 50 day moving average of $12.87.

ERock (NYSE:EROC – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.25. The company had revenue of $39.88 million for the quarter, compared to analyst estimates of $26.45 million. As a group, equities research analysts anticipate that ERock will post -0.3 earnings per share 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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