Analysts Set Emcor Group Inc. (NYSE:EME) PT at $58.75
Emcor Group Inc. (NYSE:EME) has received a consensus rating of “Buy” from the six analysts that are presently covering the stock. One research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $57.67.
A number of equities analysts have recently issued reports on EME shares. Zacks Investment Research cut shares of Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. FBR & Co increased their price objective on shares of Emcor Group from $52.00 to $62.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 16th. Finally, Sidoti started coverage on shares of Emcor Group in a research report on Tuesday, June 21st. They set a “buy” rating on the stock.
In related news, Director David A. B. Brown sold 5,851 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $55.25, for a total value of $323,267.75. Following the sale, the director now owns 22,076 shares in the company, valued at approximately $1,219,699. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jerry E. Ryan sold 6,202 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $55.42, for a total transaction of $343,714.84. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Emcor Group by 5.0% in the second quarter. Vanguard Group Inc. now owns 4,765,101 shares of the company’s stock worth $234,729,000 after buying an additional 227,669 shares in the last quarter. Victory Capital Management Inc. raised its stake in Emcor Group by 6.1% in the second quarter. Victory Capital Management Inc. now owns 2,637,753 shares of the company’s stock worth $129,935,000 after buying an additional 151,019 shares in the last quarter. State Street Corp raised its stake in Emcor Group by 51.8% in the second quarter. State Street Corp now owns 1,965,686 shares of the company’s stock worth $96,827,000 after buying an additional 670,717 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Emcor Group by 9.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,887,148 shares of the company’s stock worth $92,961,000 after buying an additional 165,715 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in Emcor Group by 8.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,720,061 shares of the company’s stock worth $84,730,000 after buying an additional 135,252 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.
Emcor Group (NYSE:EME) opened at 59.25 on Monday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 20.24 and a beta of 1.15. Emcor Group has a 12-month low of $40.98 and a 12-month high of $59.30. The firm’s 50-day moving average price is $57.10 and its 200 day moving average price is $51.00.
Emcor Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.24. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Emcor Group had a net margin of 2.55% and a return on equity of 12.33%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, analysts expect that Emcor Group will post $3.10 earnings per share for the current year.
About Emcor Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s 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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