EMCOR Group (NYSE:EME – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Other analysts also recently issued reports about the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.75.
Read Our Latest Research Report on EME
EMCOR Group Trading Up 1.8 %
EMCOR Group (NYSE:EME – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business posted $3.61 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities analysts forecast that EMCOR Group will post 20.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On EMCOR Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can increased its stake in shares of EMCOR Group by 56.2% in the 2nd quarter. Bank of Montreal Can now owns 12,179 shares of the construction company’s stock valued at $4,708,000 after acquiring an additional 4,380 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of EMCOR Group by 5,880.5% in the second quarter. Toronto Dominion Bank now owns 4,605 shares of the construction company’s stock worth $1,681,000 after acquiring an additional 4,528 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of EMCOR Group during the 2nd quarter valued at about $1,516,000. MBB Public Markets I LLC acquired a new position in shares of EMCOR Group in the 2nd quarter valued at approximately $1,227,000. Finally, Millennium Management LLC increased its stake in EMCOR Group by 10.2% during the 2nd quarter. Millennium Management LLC now owns 215,834 shares of the construction company’s stock worth $78,797,000 after purchasing an additional 19,982 shares in the last quarter. 92.59% of the stock is owned by institutional investors.
EMCOR Group Company Profile
EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.
Featured Articles
- Five stocks we like better than EMCOR Group
- How to Capture the Benefits of Dividend Increases
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- Why is the Ex-Dividend Date Significant to Investors?
- What Does the Future Hold for Eli Lilly?
- Where to Find Earnings Call Transcripts
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.