Analysts Set EMCOR Group, Inc. (NYSE:EME) PT at $594.50

EMCOR Group, Inc. (NYSE:EME) has received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $594.50.

Several research analysts recently weighed in on EME shares. Stifel Nicolaus upped their price target on EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research report on Friday, July 11th. DA Davidson upped their target price on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Robert W. Baird started coverage on EMCOR Group in a research report on Friday, June 27th. They issued an “outperform” rating and a $560.00 target price on the stock. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They issued a “buy” rating on the stock. Finally, Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th.

Institutional Trading of EMCOR Group

Several large investors have recently made changes to their positions in EME. BankPlus Trust Department boosted its stake in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of EMCOR Group during the 1st quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of EMCOR Group during the 1st quarter worth about $30,000. Groupe la Francaise boosted its stake in shares of EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after acquiring an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group during the 1st quarter valued at approximately $37,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 1.6%

NYSE:EME opened at $645.35 on Friday. The firm has a market capitalization of $28.89 billion, a price-to-earnings ratio of 26.78 and a beta of 1.28. EMCOR Group has a 1-year low of $320.89 and a 1-year high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $615.90 and its 200 day moving average price is $503.08.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts forecast that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group’s dividend payout ratio is presently 4.15%.

EMCOR Group Company Profile

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.