EMCOR Group (NYSE:EME) Stock Rating Upgraded by Wall Street Zen

EMCOR Group (NYSE:EME) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Other equities research analysts have also issued research reports about the stock. DA Davidson increased their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus increased their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research note on Friday, July 11th. The Goldman Sachs Group raised their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a “sell” rating in a research note on Tuesday, July 8th. TD Securities began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. Finally, Hovde Group upgraded shares of EMCOR Group to a “hold” rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and an average price target of $605.33.

EMCOR Group Trading Down 0.3%

NYSE:EME opened at $625.46 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market cap of $28.00 billion, a price-to-earnings ratio of 25.95 and a beta of 1.27. EMCOR Group has a 52 week low of $319.49 and a 52 week high of $667.64. The firm has a 50-day moving average price of $527.75 and a two-hundred day moving average price of $456.56.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted $5.25 EPS. On average, equities analysts expect that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company’s stock valued at $598,465,000 after purchasing an additional 288,765 shares during the period. Select Equity Group L.P. lifted its holdings in shares of EMCOR Group by 1.6% during the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company’s stock worth $482,951,000 after acquiring an additional 16,563 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after acquiring an additional 213,631 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of EMCOR Group by 3.7% during the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock worth $211,239,000 after acquiring an additional 20,604 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after acquiring an additional 521,147 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.