ERock, Inc. (EROC) – What Are Researchers Saying About This Stock?

Shares of ERock, Inc. (NYSE:EROC) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $21.75.

A number of brokerages recently commented on EROC. Morgan Stanley raised their price objective on shares of ERock from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Weiss Ratings started coverage on shares of ERock in a research note on Friday, September 4th. They issued a “sell (e-)” rating for the company. Guggenheim lowered their target price on ERock from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lowered their target price on ERock from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Bank of America raised ERock from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, July 17th.

ERock Trading Up 8.4%

NYSE EROC opened at $7.20 on Friday. The company has a market cap of $346.82 million and a PE ratio of -120.00. The business’s 50 day simple moving average is $10.96. ERock has a 52-week low of $6.41 and a 52-week high of $20.70.

ERock (NYSE:EROC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25. The company had revenue of $39.88 million during the quarter, compared to the consensus estimate of $26.45 million. Analysts anticipate that ERock will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Value Aligned Research Advisors LLC acquired a new stake in ERock in the 2nd quarter valued at approximately $19,516,000. Wellington Management Group LLP bought a new stake in ERock in the 2nd quarter valued at approximately $7,228,000. CenterBook Partners LP bought a new stake in ERock in the 3rd quarter valued at approximately $3,134,000. BlueCrest Capital Management Ltd bought a new stake in ERock in the 2nd quarter valued at approximately $2,900,000. Finally, Pictet Asset Management Holding SA boosted its position in ERock by 16.6% during the 3rd quarter. Pictet Asset Management Holding SA now owns 1,232,208 shares of the company’s stock worth $15,107,000 after acquiring an additional 175,527 shares during the last quarter.

About ERock

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