Albertsons to replace Aspen Technology in S&P 400 at open on 3/11
Written by Emily J. Thompson, Senior Investment Analyst
S&P MidCap 400 Update: Albertsons Companies (ACI) will replace Aspen Technology (AZPN) in the S&P MidCap 400 effective March 11, prior to market opening.
Acquisition Details: Emerson Electric Co. (EMR), a member of the S&P 500, is acquiring Aspen Technology, with the deal expected to finalize soon, subject to closing conditions.
Analyst Views on EMR
Wall Street analysts forecast EMR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EMR is 146.50 USD with a low forecast of 115.00 USD and a high forecast of 165.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
8 Buy
4 Hold
1 Sell
Moderate Buy
Current: 148.020
Low
115.00
Averages
146.50
High
165.00
Current: 148.020
Low
115.00
Averages
146.50
High
165.00
About EMR
Emerson Electric Co. is a global technology and software company that provides solutions for customers in a wide range of end markets around the world. The Company operates through seven segments under two business groups, such as Intelligent Devices and Software and Control. Its Intelligent Devices business includes Final Control, Measurement & Analytical, Discrete Automation, and Safety & Productivity. Software and Control business includes Control Systems & Software, Test & Measurement, and AspenTech. Its Final Control segment is a global provider of control valves, isolation valves, shutoff valves, pressure relief valves, pressure safety valves, actuators, and regulators for process and hybrid industries. Its Measurement & Analytical segment is a supplier of intelligent instrumentation measuring the physical properties of liquids or gases. AspenTech segment provides asset optimization software that enables industrial manufacturers to design, operate and maintain their operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
