Emerald Expositions Events Inc (NYSE:EEX) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.57.
EEX has been the subject of a number of analyst reports. Goldman Sachs lowered Emerald Expositions Events from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd. ValuEngine raised Emerald Expositions Events from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd.
Shares of EEX stock traded down $0.59 during trading hours on Wednesday, hitting $18.81. The stock had a trading volume of 488,234 shares, compared to its average volume of 368,811. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.42 and a quick ratio of 0.42. Emerald Expositions Events has a one year low of $18.19 and a one year high of $24.56. The firm has a market capitalization of $1,411.92 and a price-to-earnings ratio of 16.50.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, February 8th. Emerald Expositions Events’s payout ratio is currently 24.56%.
In other Emerald Expositions Events news, SVP David Gosling sold 5,761 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $21.49, for a total value of $123,803.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Randall sold 39,540 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $21.32, for a total value of $842,992.80. The disclosure for this sale can be found here. Insiders sold a total of 6,138,776 shares of company stock valued at $109,510,967 over the last three months.
A number of large investors have recently made changes to their positions in EEX. MetLife Investment Advisors LLC bought a new position in Emerald Expositions Events in the 4th quarter valued at $181,000. Stifel Financial Corp bought a new position in Emerald Expositions Events in the 3rd quarter valued at $216,000. Parametric Portfolio Associates LLC bought a new position in Emerald Expositions Events in the 2nd quarter valued at $340,000. California State Teachers Retirement System grew its stake in Emerald Expositions Events by 13.0% in the 4th quarter. California State Teachers Retirement System now owns 28,583 shares of the company’s stock valued at $581,000 after purchasing an additional 3,288 shares during the period. Finally, Swiss National Bank bought a new position in Emerald Expositions Events in the 4th quarter valued at $626,000. Hedge funds and other institutional investors own 30.03% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3297278/emerald-expositions-events-inc-eex-receives-24-57-consensus-pt-from-analysts.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.
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.