EMCOR Group, Inc. (EME) Given Average Recommendation of “Hold” by Analysts
EMCOR Group, Inc. (NYSE:EME) has earned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $72.33.
EME has been the topic of several recent research reports. Zacks Investment Research upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, July 31st. BidaskClub downgraded shares of EMCOR Group from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, KeyCorp reissued a “hold” rating on shares of EMCOR Group in a research note on Friday, August 25th.
Shares of EMCOR Group (EME) opened at 69.38 on Friday. The stock has a market capitalization of $4.11 billion, a P/E ratio of 20.80 and a beta of 0.89. EMCOR Group has a one year low of $55.10 and a one year high of $73.44. The company’s 50-day moving average is $65.82 and its 200-day moving average is $64.66.
EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 27th. The construction company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. EMCOR Group had a net margin of 2.63% and a return on equity of 13.19%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. On average, equities research analysts anticipate that EMCOR Group will post $3.53 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in EME. Bruderman Asset Management LLC acquired a new position in EMCOR Group in the 2nd quarter valued at about $118,000. Bronfman E.L. Rothschild L.P. raised its stake in EMCOR Group by 4.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,897 shares of the construction company’s stock valued at $124,000 after purchasing an additional 76 shares during the last quarter. Global X Management Co. LLC raised its stake in EMCOR Group by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,920 shares of the construction company’s stock valued at $126,000 after purchasing an additional 1,320 shares during the last quarter. Advisor Group Inc. raised its stake in EMCOR Group by 73.1% in the 2nd quarter. Advisor Group Inc. now owns 2,269 shares of the construction company’s stock valued at $147,000 after purchasing an additional 958 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in EMCOR Group by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,376 shares of the construction company’s stock valued at $155,000 after purchasing an additional 194 shares during the last quarter. 93.36% of the stock is owned by hedge funds and other institutional investors.
About EMCOR Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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