EMCOR Group (NYSE:EME) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of EMCOR Group (NYSE:EME) in a research report issued to clients and investors on Friday, MarketBeat reports. The firm set a “buy” rating and a $600.00 price target on the construction company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 20.41% from the company’s previous close.

Several other equities research analysts have also weighed in on EME. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. DA Davidson lifted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Trading Down 0.4 %

EME opened at $498.31 on Friday. The business’s 50 day moving average is $438.03 and its 200-day moving average is $395.70. The stock has a market cap of $22.92 billion, a PE ratio of 25.31 and a beta of 1.07. EMCOR Group has a twelve month low of $209.31 and a twelve month high of $525.31.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm posted $3.61 earnings per share. The business’s revenue was up 15.3% on a year-over-year basis. As a group, analysts forecast that EMCOR Group will post 20.75 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. boosted its position in shares of EMCOR Group by 168.1% in the third quarter. Benjamin Edwards Inc. now owns 2,898 shares of the construction company’s stock valued at $1,248,000 after acquiring an additional 1,817 shares during the period. Kestra Investment Management LLC acquired a new stake in EMCOR Group during the third quarter valued at approximately $725,000. True Wealth Design LLC raised its stake in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares in the last quarter. Encompass More Asset Management acquired a new position in EMCOR Group in the third quarter valued at about $315,000. Finally, Edgestream Partners L.P. bought a new stake in EMCOR Group during the 3rd quarter worth approximately $3,354,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.