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

Shares of ERock, Inc. (NYSE:EROC) have earned a consensus rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $22.6250.

A number of equities analysts recently commented on the company. Bank of America upgraded ERock from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, July 17th. JPMorgan Chase & Co. began coverage on ERock in a report on Monday, July 6th. They issued an “overweight” rating and a $24.00 price target for the company. Barclays assumed coverage on ERock in a research note on Monday, July 6th. They set an “overweight” rating and a $23.00 price objective on the stock. Guggenheim started coverage on shares of ERock in a research note on Monday, July 6th. They set a “buy” rating and a $23.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of ERock in a research report on Monday, July 6th. They issued an “overweight” rating and a $21.00 price target on the stock.

ERock Trading Up 10.2%

Shares of EROC stock opened at $9.91 on Friday. ERock has a 1-year low of $8.88 and a 1-year high of $20.70.