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

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. “

A number of other research analysts also recently commented on EEX. Royal Bank Of Canada began coverage on Emerald Expositions Events in a report on Tuesday, May 23rd. They issued an “outperform” rating and a $25.00 price objective on the stock. Goldman Sachs Group, Inc. (The) began coverage on Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a “neutral” rating and a $23.20 price objective on the stock. Deutsche Bank AG began coverage on Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a “buy” rating and a $25.00 price objective on the stock. Bank of America Corporation began coverage on Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Robert W. Baird began coverage on Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a “neutral” rating and a $23.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Emerald Expositions Events currently has an average rating of “Buy” and a consensus target price of $24.28.

Shares of Emerald Expositions Events (NYSE:EEX) traded down 0.50% during midday trading on Friday, reaching $21.89. The company’s stock had a trading volume of 46,903 shares. Emerald Expositions Events has a 12-month low of $18.67 and a 12-month high of $23.37. The company has a market cap of $1.58 billion and a P/E ratio of 84.84. The stock’s 50-day moving average price is $21.88 and its 200-day moving average price is $21.65.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $74.14 million during the quarter, compared to analysts’ expectations of $74.81 million. On average, analysts expect that Emerald Expositions Events will post $1.06 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $200,000. Atlantic Trust Group LLC acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $274,000. Parametric Portfolio Associates LLC acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $340,000. New York State Common Retirement Fund acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $366,000. Finally, Rhumbline Advisers acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $376,000. 26.69% of the stock is owned by hedge funds and other 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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