Emerald Expositions Events, Inc. (NYSE:EEX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Emerald Expositions Events, Inc. organizes business to business trade shows. The Company operates live events as well as offers other marketing services, including digital media and print publications. It serves sports, technology, jewelry, construction and other sectors primarily in the United States. Emerald Expositions Events, Inc. is headquartered in San Juan Capistrano, California. “

EEX has been the topic of several other reports. Credit Suisse Group assumed coverage on shares of Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “neutral” rating and a $24.00 target price on the stock. Royal Bank Of Canada assumed coverage on shares of Emerald Expositions Events in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $25.00 target price on the stock. Bank of America Corporation assumed coverage on shares of Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “buy” rating and a $25.00 target price on the stock. Barclays PLC assumed coverage on shares of Emerald Expositions Events in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $25.00 target price on the stock. Finally, Robert W. Baird began coverage on shares of Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “neutral” rating and a $23.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $24.28.

Shares of Emerald Expositions Events (NYSE:EEX) opened at 21.74 on Wednesday. The firm has a 50-day moving average of $21.91 and a 200 day moving average of $21.63. The firm has a market capitalization of $1.57 billion and a P/E ratio of 84.26. Emerald Expositions Events has a 52 week low of $18.67 and a 52 week high of $23.37.

Emerald Expositions Events (NYSE:EEX) last announced its earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $74.14 million for the quarter, compared to analysts’ expectations of $74.81 million. On average, equities research analysts expect that Emerald Expositions Events will post $1.06 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Nationwide Fund Advisors purchased a new stake in shares of Emerald Expositions Events during the second quarter worth approximately $200,000. Atlantic Trust Group LLC purchased a new stake in shares of Emerald Expositions Events during the second quarter worth approximately $274,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Emerald Expositions Events during the second quarter worth approximately $340,000. New York State Common Retirement Fund purchased a new stake in shares of Emerald Expositions Events during the second quarter worth approximately $366,000. Finally, Rhumbline Advisers purchased a new stake in shares of Emerald Expositions Events during the second quarter worth approximately $376,000. 26.69% of the stock is currently owned by institutional investors.

Emerald Expositions Events Company Profile

Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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