ERock, Inc. (NYSE:EROC) Stock Has Consensus Target Price of $21.75

Shares of ERock, Inc. (NYSE:EROC) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings 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 issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $21.75.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EROC. Russell Investments Group Ltd. acquired a new stake in shares of ERock in the 3rd quarter valued at $26,000. Total Clarity Wealth Management Inc. bought a new position in shares of ERock in the 3rd quarter valued at $319,000. Engineers Gate Manager LP bought a new position in shares of ERock in the 2nd quarter valued at $515,000. Q Fund Management Hong Kong Ltd acquired a new position in shares of ERock during the 3rd quarter worth $510,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of ERock during the 2nd quarter worth $710,000.

ERock Stock Up 8.4%

Shares of EROC stock opened at $7.20 on Friday. ERock has a 1 year low of $6.41 and a 1 year high of $20.70. The company has a fifty day simple moving average of $10.96. The firm has a market cap of $346.82 million and a price-to-earnings ratio of -120.00.

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

About ERock

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