Kayne Anderson Capital Advisors LP bought a new stake in ERock, Inc. (NYSE:EROC – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 49,000 shares of the company’s stock, valued at approximately $710,000.
Analyst Ratings Changes
EROC has been the topic of several analyst reports. Guggenheim assumed coverage on shares of ERock in a research note on Monday, July 6th. They set a “buy” rating and a $23.00 price target on the stock. BNP Paribas Exane set a $22.00 price objective on shares of ERock and gave the company an “outperform” rating in a research note on Monday, July 6th. Wolfe Research initiated 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. Zacks Research upgraded shares of ERock to a “hold” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley increased their target price on shares of ERock from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $22.88.
View Our Latest Report on ERock
ERock Price Performance
ERock (NYSE:EROC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate 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. Equities analysts expect that ERock, Inc. will post -0.3 earnings per share for the current year.
ERock Profile
ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.
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