EMCOR Group (NYSE:EME) Price Target Cut to $1,047.00 by Analysts at Cantor Fitzgerald

EMCOR Group (NYSE:EME) had its price target cut by equities researchers at Cantor Fitzgerald from $1,123.00 to $1,047.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 27.97% from the stock’s current price.

EME has been the topic of several other reports. UBS Group upped their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $944.86.

EMCOR Group Stock Up 0.2%

Shares of EME opened at $818.15 on Monday. EMCOR Group has a 12 month low of $564.92 and a 12 month high of $951.96. The stock has a market cap of $36.09 billion, a price-to-earnings ratio of 25.45 and a beta of 1.14. The company has a 50-day moving average price of $798.08 and a two-hundred day moving average price of $793.45.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the company earned $6.72 EPS. EMCOR Group’s revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities research analysts expect that EMCOR Group will post 32.91 EPS for the current fiscal year.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the transaction, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On EMCOR Group

Several hedge funds have recently added to or reduced their stakes in EME. Swiss RE Ltd. bought a new position in shares of EMCOR Group in the 4th quarter valued at about $25,000. Ascentis Independent Advisors acquired a new stake in EMCOR Group during the 1st quarter worth $27,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group during the 4th quarter valued at $28,000. Activest Wealth Management boosted its position in shares of EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after purchasing an additional 48 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC increased its holdings in EMCOR Group by 4,700.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.