KeyCorp Reiterates Hold Rating for EMCOR Group, Inc. (EME)
Several other research analysts have also recently commented on the company. BidaskClub cut EMCOR Group from a hold rating to a sell rating in a research note on Thursday, August 24th. Zacks Investment Research raised EMCOR Group from a hold rating to a buy rating and set a $76.00 target price for the company in a research note on Monday, July 31st. One equities 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’s stock. The stock has an average rating of Hold and a consensus target price of $72.33.
Shares of EMCOR Group (NYSE EME) opened at 63.82 on Friday. The company has a market cap of $3.78 billion, a PE ratio of 19.13 and a beta of 0.89. The stock’s 50 day moving average is $65.44 and its 200-day moving average is $64.72. EMCOR Group has a one year low of $54.89 and a one year high of $73.44.
EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 27th. The construction company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.95 EPS. EMCOR Group’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts expect that EMCOR Group will post $3.57 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in EMCOR Group by 9.9% in the first quarter. First Trust Advisors LP now owns 174,769 shares of the construction company’s stock valued at $11,002,000 after buying an additional 15,698 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in EMCOR Group by 0.6% in the first quarter. Wedge Capital Management L L P NC now owns 17,459 shares of the construction company’s stock valued at $1,099,000 after buying an additional 104 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in EMCOR Group by 2.4% in the first quarter. Great West Life Assurance Co. Can now owns 34,341 shares of the construction company’s stock valued at $2,160,000 after buying an additional 815 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in EMCOR Group during the first quarter valued at about $7,699,000. Finally, Adams Diversified Equity Fund Inc. boosted its position in EMCOR Group by 2.6% in the first quarter. Adams Diversified Equity Fund Inc. now owns 15,600 shares of the construction company’s stock valued at $982,000 after buying an additional 400 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.
EMCOR Group Company Profile
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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