Emcor Group (NYSE:EME)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Tuesday. They presently have a $87.00 target price on the construction company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 14.01% from the stock’s current price.
A number of other research firms have also recently commented on EME. ValuEngine cut Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. KeyCorp reissued a “hold” rating on shares of Emcor Group in a research note on Friday, November 17th. Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Tuesday, October 31st. Finally, DA Davidson reissued a “neutral” rating on shares of Emcor Group in a research note on Friday, February 23rd. One investment 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. The stock has a consensus rating of “Hold” and an average price target of $86.00.
Shares of Emcor Group (EME) opened at $76.31 on Tuesday. Emcor Group has a 12 month low of $59.76 and a 12 month high of $85.08. The company has a market capitalization of $4,521.01, a price-to-earnings ratio of 19.98, a PEG ratio of 1.20 and a beta of 0.96. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.18.
In related news, Director William P. Reid sold 4,647 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total transaction of $385,236.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EME. Reliance Trust Co. of Delaware purchased a new stake in shares of Emcor Group during the fourth quarter valued at $203,000. Magnetar Financial LLC purchased a new stake in shares of Emcor Group during the third quarter valued at $204,000. Virtu Financial LLC purchased a new stake in shares of Emcor Group during the fourth quarter valued at $206,000. Premia Global Advisors LLC purchased a new stake in shares of Emcor Group during the fourth quarter valued at $210,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Emcor Group during the fourth quarter valued at $212,000. 95.19% of the stock is currently owned by institutional investors.
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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