Kayne Anderson Capital Advisors LP bought a new position in ERock, Inc. (NYSE:EROC – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,000 shares of the company’s stock, valued at approximately $710,000.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on EROC. Evercore began coverage on ERock in a research report on Monday, July 6th. They set an “outperform” rating and a $28.00 price target on the stock. Guggenheim initiated coverage on ERock in a research note on Monday, July 6th. They set a “buy” rating and a $23.00 target price on the stock. Wall Street Zen upgraded ERock to a “hold” rating in a report on Saturday, June 20th. 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 research report on Friday, July 17th. Finally, Morgan Stanley raised their price target on shares of ERock from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $22.88.
Check Out Our Latest Stock Analysis on EROC
ERock Stock Performance
ERock (NYSE:EROC – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts predict that ERock, Inc. will post -0.3 EPS for the current year.
About ERock
ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.
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