EMCOR Group (NYSE:EME) Rating Lowered to Buy at StockNews.com

StockNews.com downgraded shares of EMCOR Group (NYSE:EMEFree Report) from a strong-buy rating to a buy rating in a report published on Monday.

Several other brokerages also recently weighed in on EME. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Northcoast Research initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $518.75.

View Our Latest Report on EMCOR Group

EMCOR Group Stock Down 19.2 %

Shares of NYSE:EME opened at $429.70 on Monday. The firm has a fifty day simple moving average of $490.19 and a two-hundred day simple moving average of $437.44. The stock has a market capitalization of $19.77 billion, a P/E ratio of 21.82 and a beta of 1.12. EMCOR Group has a 52 week low of $220.62 and a 52 week high of $545.29.

EMCOR Group (NYSE:EMEGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $3.61 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, analysts expect that EMCOR Group will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EME. ORG Wealth Partners LLC bought a new position in shares of EMCOR Group in the 3rd quarter worth $33,000. Anchor Investment Management LLC boosted its holdings in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after acquiring an additional 50 shares in the last quarter. True Wealth Design LLC boosted its holdings in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group during the third quarter valued at about $49,000. Finally, SJS Investment Consulting Inc. raised its position in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Company Profile

(Get Free Report)

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.

Further Reading

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