EMCOR Group (NYSE:EME) Now Covered by Analysts at Northcoast Research

Research analysts at Northcoast Research initiated coverage on shares of EMCOR Group (NYSE:EME) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $600.00 price target on the construction company’s stock. Northcoast Research’s price objective would suggest a potential upside of 13.82% from the stock’s current price.

A number of other research analysts also recently commented on the stock. DA Davidson increased their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday. They set a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. Finally, StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Trading Up 2.2 %

EMCOR Group stock opened at $527.16 on Friday. The company has a fifty day simple moving average of $452.05 and a 200-day simple moving average of $400.82. The stock has a market cap of $24.25 billion, a P/E ratio of 26.77 and a beta of 1.07. EMCOR Group has a 12-month low of $209.31 and a 12-month high of $532.38.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.61 EPS. As a group, sell-side analysts forecast that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Institutional Trading of EMCOR Group

A number of hedge funds have recently added to or reduced their stakes in EME. State Street Corp raised its stake in shares of EMCOR Group by 1.5% during the third quarter. State Street Corp now owns 1,612,782 shares of the construction company’s stock worth $694,351,000 after purchasing an additional 24,541 shares during the last quarter. Geode Capital Management LLC increased its stake in EMCOR Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company’s stock valued at $428,313,000 after buying an additional 49,137 shares during the period. Acadian Asset Management LLC raised its position in EMCOR Group by 34.4% during the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company’s stock worth $192,028,000 after buying an additional 134,575 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of EMCOR Group by 27.5% in the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock worth $150,553,000 after acquiring an additional 88,909 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of EMCOR Group by 4.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock valued at $152,427,000 after acquiring an additional 14,447 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

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.