ERock, Inc. (EROC) – What Are Brokerages Saying About This Stock?

ERock, Inc. (NYSE:EROC) has earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.75.

A number of equities analysts recently issued reports on the stock. Evercore began coverage on shares of ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $28.00 target price for the company. Barclays began coverage on shares of ERock in a research note on Monday, July 6th. They set an “overweight” rating and a $23.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of ERock from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday. Wolfe Research began coverage on shares of ERock in a research note on Monday, July 6th. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Guggenheim reduced their price target on shares of ERock from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, September 2nd.

Institutional Investors Weigh In On ERock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EROC. Counterpoint Mutual Funds LLC acquired a new stake in ERock in the third quarter worth approximately $617,000. Q Fund Management Hong Kong Ltd bought a new position in ERock during the 3rd quarter valued at $510,000. BlueCrest Capital Management Ltd bought a new position in ERock during the 2nd quarter valued at $2,900,000. Engineers Gate Manager LP bought a new position in ERock during the 2nd quarter valued at $515,000. Finally, Readystate Asset Management LP acquired a new position in shares of ERock during the 2nd quarter valued at $725,000.

ERock Stock Down 2.1%

NYSE:EROC opened at $8.70 on Wednesday. ERock has a 1 year low of $8.30 and a 1 year high of $20.70. The stock has a fifty day simple moving average of $12.49.

ERock (NYSE:EROC) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25. The business had revenue of $39.88 million for the quarter, compared to analyst estimates of $26.45 million. As a group, sell-side analysts predict that ERock will post -0.32 earnings per share for the current year.

ERock Company Profile

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