EMCOR Group, Inc. (NYSE:EME) Receives Average Rating of “Buy” from Analysts

Posted by on Jun 10th, 2022

Shares of EMCOR Group, Inc. (NYSE:EME – Get Rating) have earned an average recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $134.50.

A number of analysts have commented on the company. 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 report on Monday, May 16th. Zacks Investment Research upgraded shares of EMCOR Group from a “sell” rating to a “hold” rating and set a $118.00 price target on the stock in a research note on Wednesday, March 9th. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 2nd. Finally, DA Davidson upgraded shares of EMCOR Group from a “neutral” rating to a “buy” rating and set a $142.00 target price on the stock in a research report on Friday, February 25th.

In other EMCOR Group news, CEO Anthony Guzzi sold 1,381 shares of EMCOR Group 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 directly owns 291,256 shares of the company’s stock, valued at $34,950,720. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EME. Verition Fund Management LLC raised its position in EMCOR Group by 70.5% in the 1st quarter. Verition Fund Management LLC now owns 109,658 shares of the construction company’s stock valued at $12,351,000 after purchasing an additional 45,328 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of EMCOR Group by 54.4% in the first quarter. Walleye Capital LLC now owns 179,540 shares of the construction company’s stock valued at $20,222,000 after buying an additional 63,289 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its position in EMCOR Group by 23.5% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 96,575 shares of the construction company’s stock worth $10,878,000 after buying an additional 18,400 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its holdings in EMCOR Group by 54.7% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 826 shares of the construction company’s stock worth $93,000 after acquiring an additional 292 shares during the last quarter. Finally, Keeley Teton Advisors LLC acquired a new stake in EMCOR Group in the 1st quarter valued at about $619,000. 94.36% of the stock is owned by institutional investors.

Shares of EME stock opened at $106.73 on Friday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 15.45 and a beta of 1.18. EMCOR Group has a 1 year low of $99.72 and a 1 year high of $135.98. The firm’s fifty day simple moving average is $108.65 and its 200 day simple moving average is $116.09. 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:EME – Get Rating) last posted its quarterly earnings data 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 in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that EMCOR Group will post 7.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, April 14th. EMCOR Group’s dividend payout ratio (DPR) is 7.53%.

EMCOR Group Company Profile (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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