Emcor Group (NYSE:EME) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
EME has been the subject of several other reports. Maxim Group began coverage on shares of Emcor Group in a research report on Thursday, December 13th. They set a “hold” rating and a $68.00 target price for the company. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $75.00 target price for the company in a research report on Thursday, January 31st.
Shares of NYSE:EME traded down $0.09 during midday trading on Wednesday, hitting $73.51. 384,400 shares of the company’s stock were exchanged, compared to its average volume of 359,344. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35. The company has a market cap of $4.13 billion, a PE ratio of 14.97, a PEG ratio of 0.94 and a beta of 1.15. Emcor Group has a 12 month low of $57.29 and a 12 month high of $82.04.
Emcor Group (NYSE:EME) last posted its earnings results on Thursday, February 21st. The construction company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.35 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.05 billion. Emcor Group had a net margin of 3.49% and a return on equity of 16.51%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share. On average, equities research analysts expect that Emcor Group will post 5.25 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of EME. Norges Bank bought a new stake in shares of Emcor Group during the fourth quarter worth about $39,911,000. Allianz Asset Management GmbH bought a new stake in shares of Emcor Group during the third quarter worth about $22,648,000. BlackRock Inc. increased its position in shares of Emcor Group by 3.8% during the third quarter. BlackRock Inc. now owns 6,731,040 shares of the construction company’s stock worth $505,568,000 after acquiring an additional 247,310 shares in the last quarter. Deutsche Bank AG grew its position in Emcor Group by 66.7% in the 3rd quarter. Deutsche Bank AG now owns 556,699 shares of the construction company’s stock worth $41,811,000 after purchasing an additional 222,806 shares in the last quarter. Finally, Fiera Capital Corp grew its position in Emcor Group by 28.1% in the 4th quarter. Fiera Capital Corp now owns 737,008 shares of the construction company’s stock worth $43,992,000 after purchasing an additional 161,524 shares in the last quarter. 93.93% of the stock is owned by institutional investors.
Emcor Group Company Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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