Emerald Expositions Events (NYSE:EEX) was downgraded by Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Tuesday, The Fly reports.

EEX has been the subject of several other reports. Robert W. Baird raised their target price on Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research cut Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $24.36.

Emerald Expositions Events (NYSE EEX) opened at $22.08 on Tuesday. Emerald Expositions Events has a 12-month low of $18.67 and a 12-month high of $24.56. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.76.

Emerald Expositions Events (NYSE:EEX) last issued its earnings results on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $100.40 million during the quarter, compared to analysts’ expectations of $107.24 million. Emerald Expositions Events had a return on equity of 7.09% and a net margin of 5.19%. Emerald Expositions Events’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. research analysts predict that Emerald Expositions Events will post 1.06 EPS for the current fiscal year.

In related news, insider William Charles sold 17,675 shares of Emerald Expositions Events stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.28, for a total value of $393,799.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Loechner sold 53,139 shares of Emerald Expositions Events stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $22.34, for a total value of $1,187,125.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,883 shares of company stock valued at $5,039,458.

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC bought a new position in shares of Emerald Expositions Events in the second quarter valued at about $148,827,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Emerald Expositions Events by 1,879.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,238,144 shares of the company’s stock valued at $52,014,000 after buying an additional 2,125,071 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Emerald Expositions Events by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 1,661,574 shares of the company’s stock valued at $38,748,000 after buying an additional 189,166 shares during the last quarter. Vanguard Group Inc. bought a new position in shares of Emerald Expositions Events in the second quarter valued at about $27,309,000. Finally, Bamco Inc. NY raised its holdings in shares of Emerald Expositions Events by 7.5% in the third quarter. Bamco Inc. NY now owns 1,075,000 shares of the company’s stock valued at $24,983,000 after buying an additional 75,000 shares during the last quarter. 26.61% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/23/emerald-expositions-events-eex-stock-rating-lowered-by-goldman-sachs-group.html.

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.

The Fly

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

Receive News & Ratings for Emerald Expositions Events Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events and related companies with MarketBeat.com's FREE daily email newsletter.