ERock, Inc. (NYSE:EROC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of ERock, Inc. (NYSE:EROC) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.50.

Several equities research analysts have recently issued reports on EROC shares. Bank of America raised shares of ERock from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, July 17th. Morgan Stanley raised their price target on ERock from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Evercore started coverage on ERock in a report on Monday, July 6th. They set an “outperform” rating and a $28.00 price target for the company. Wolfe Research initiated coverage on ERock in a report on Monday, July 6th. They issued an “outperform” rating and a $24.00 price objective on the stock. Finally, Wall Street Zen raised ERock to a “hold” rating in a research report on Saturday, June 20th.

ERock Stock Up 1.2%

Shares of ERock stock opened at $13.06 on Friday. ERock has a 52-week low of $8.88 and a 52-week high of $20.70. The business has a 50 day moving average price of $12.19.

ERock (NYSE:EROC) last posted its quarterly 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 for the quarter, compared to analyst estimates of $26.45 million. On average, equities research analysts anticipate that ERock will post -0.3 EPS for the current fiscal year.

Institutional Trading of ERock

Institutional investors have recently modified their holdings of the stock. Value Aligned Research Advisors LLC acquired a new position in shares of ERock in the 2nd quarter valued at $19,516,000. Wellington Management Group LLP acquired a new position in ERock in the second quarter valued at $7,228,000. BlueCrest Capital Management Ltd purchased a new position in shares of ERock during the second quarter worth about $2,900,000. Readystate Asset Management LP acquired a new stake in shares of ERock during the second quarter worth about $725,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in shares of ERock during the second quarter worth about $710,000.

ERock Company Profile

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