ERock, Inc. (NYSE:EROC) Stock Rated “Moderate Buy” by Sell-Side Analysts

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

EROC has been the subject of several recent research reports. Weiss Ratings assumed coverage on ERock in a research note on Friday, September 4th. They issued a “sell (e-)” rating for the company. Guggenheim decreased their price objective on shares of ERock from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, September 2nd. Wall Street Zen raised shares of ERock to a “hold” rating in a research report on Saturday, June 20th. Wolfe Research assumed coverage on ERock in a research report on Monday, July 6th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Barclays started coverage on ERock in a research report on Monday, July 6th. They set an “overweight” rating and a $23.00 target price on the stock.

Check Out Our Latest Stock Report on ERock

Institutional Trading of ERock

Several large investors have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new position in ERock in the second quarter worth approximately $515,000. Kayne Anderson Capital Advisors LP acquired a new position in ERock during the second quarter worth $710,000. Readystate Asset Management LP acquired a new position in ERock during the second quarter worth $725,000. BlueCrest Capital Management Ltd bought a new position in shares of ERock in the second quarter valued at $2,900,000. Finally, Wellington Management Group LLP acquired a new position in shares of ERock during the second quarter valued at about $7,228,000.

ERock Stock Performance

Shares of NYSE:EROC opened at $12.65 on Friday. The business’s 50 day moving average is $12.31. ERock has a 1 year low of $8.88 and a 1 year high of $20.70.

ERock (NYSE:EROC – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $39.88 million for the quarter, compared to the consensus estimate of $26.45 million. On average, analysts anticipate that ERock will post -0.3 EPS for the current fiscal year.

ERock Company Profile

(Get Free Report)

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

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Analyst Recommendations for ERock (NYSE:EROC)

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