ERock, Inc. (NYSE:EROC) Receives Average Recommendation of “Buy” from Analysts

ERock, Inc. (NYSE:EROC) has been assigned an average rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.8750.

Several equities research analysts have recently issued reports on the company. Evercore began coverage on ERock in a report on Monday, July 6th. They set an “outperform” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on ERock in a research note on Monday, July 6th. They issued an “overweight” rating and a $24.00 target price for the company. Guggenheim started coverage on ERock in a research report on Monday, July 6th. They set a “buy” rating and a $23.00 target price on the stock. Barclays assumed coverage on ERock in a research note on Monday, July 6th. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, Wolfe Research initiated coverage on shares of ERock in a research note on Monday, July 6th. They set an “outperform” rating and a $24.00 price objective for the company.

Hedge Funds Weigh In On ERock

A number of hedge funds have recently made changes to their positions in the stock. Kayne Anderson Capital Advisors LP purchased a new stake in shares of ERock during the 2nd quarter valued at $710,000. Readystate Asset Management LP purchased a new position in shares of ERock in the 2nd quarter worth $725,000. Wellington Management Group LLP acquired a new position in ERock in the second quarter valued at $7,228,000. Finally, Value Aligned Research Advisors LLC acquired a new position in ERock in the second quarter valued at $19,516,000.

ERock Trading Down 6.2%

Shares of EROC opened at $13.25 on Tuesday. The firm’s 50 day moving average price is $13.21. ERock has a 1 year low of $8.88 and a 1 year high of $20.70.

ERock (NYSE:EROC) last released its earnings results on Tuesday, August 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.25. The firm had revenue of $39.88 million during the quarter, compared to analysts’ expectations of $26.45 million. On average, equities analysts predict that ERock will post -0.3 EPS for the current year.

ERock Company Profile

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