EMCOR Group (NYSE:EME) Raised to “Strong-Buy” at StockNews.com

EMCOR Group (NYSE:EMEGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

A number of other brokerages also recently issued reports on EME. Sidoti upgraded EMCOR Group from a “neutral” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Monday, May 16th. Zacks Investment Research upgraded EMCOR Group from a “sell” rating to a “hold” rating and set a $118.00 price objective for the company in a research note on Wednesday, March 9th. Finally, DA Davidson upgraded EMCOR Group from a “neutral” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Friday, February 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $134.50.

EMCOR Group stock traded up $0.49 during trading on Tuesday, hitting $102.95. 288,070 shares of the company were exchanged, compared to its average volume of 333,194. The business’s 50 day moving average is $110.88 and its 200 day moving average is $117.92. EMCOR Group has a 52 week low of $99.72 and a 52 week high of $135.98. The company has a market capitalization of $5.27 billion, a P/E ratio of 14.90 and a beta of 1.18. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.11.

EMCOR Group (NYSE:EMEGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The construction company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.23). EMCOR Group had a return on equity of 17.26% and a net margin of 3.65%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company posted $1.54 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts expect that EMCOR Group will post 7.59 EPS for the current year.

In other news, CEO Anthony Guzzi sold 1,381 shares of the stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $120.00, for a total transaction of $165,720.00. Following the completion of the transaction, the chief executive officer now owns 291,256 shares in the company, valued at approximately $34,950,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of EME. Zions Bancorporation N.A. purchased a new stake in EMCOR Group during the 1st quarter worth about $26,000. CWM LLC purchased a new stake in EMCOR Group during the 4th quarter worth about $27,000. Parkside Financial Bank & Trust lifted its holdings in EMCOR Group by 66.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in EMCOR Group by 276.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 267 shares of the construction company’s stock worth $34,000 after purchasing an additional 196 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in EMCOR Group during the 1st quarter worth about $35,000. 94.36% of the stock is currently owned by institutional investors and hedge funds.

About EMCOR Group (Get Rating)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.

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