Emerald Expositions Events, Inc. (EEX) Price Target Raised to $24.00 at Robert W. Baird
Emerald Expositions Events, Inc. (NYSE:EEX) had its price objective increased by investment analysts at Robert W. Baird from $23.00 to $24.00 in a report released on Friday. The firm presently has a “neutral” rating on the stock.
Separately, Zacks Investment Research lowered Emerald Expositions Events from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $24.40.
Emerald Expositions Events (EEX) traded down $0.71 during midday trading on Friday, reaching $22.44. The company had a trading volume of 38,008 shares, compared to its average volume of 76,898.
Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The firm had revenue of $100.40 million for the quarter, compared to analyst estimates of $107.24 million. Emerald Expositions Events’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. equities analysts expect that Emerald Expositions Events will post 1.07 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of EEX. Nationwide Fund Advisors bought a new stake in shares of Emerald Expositions Events during the 2nd quarter valued at $200,000. Atlantic Trust Group LLC bought a new stake in shares of Emerald Expositions Events in the 2nd quarter worth about $274,000. Parametric Portfolio Associates LLC bought a new stake in shares of Emerald Expositions Events in the 2nd quarter worth about $340,000. New York State Common Retirement Fund purchased a new position in shares of Emerald Expositions Events during the 2nd quarter worth about $366,000. Finally, Rhumbline Advisers purchased a new position in shares of Emerald Expositions Events during the 2nd quarter worth about $376,000. Hedge funds and other institutional investors own 26.69% of the company’s stock.
About Emerald Expositions Events
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.
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