Emcor Group (NYSE:EME) Rating Increased to Buy at Sidoti

Sidoti upgraded shares of Emcor Group (NYSE:EME) from a neutral rating to a buy rating in a research report report published on Wednesday morning, Briefing.com Automated Import reports.

EME has been the subject of several other research reports. ValuEngine raised shares of Emcor Group from a sell rating to a hold rating in a report on Thursday, July 2nd. Maxim Group restated a hold rating and set a $60.00 price target on shares of Emcor Group in a research report on Wednesday, April 22nd. Zacks Investment Research raised shares of Emcor Group from a hold rating to a strong-buy rating and set a $69.00 price target on the stock in a research note on Tuesday, July 7th. Finally, DA Davidson lowered Emcor Group from a buy rating to a neutral rating and set a $70.00 price objective for the company. in a research note on Friday, May 1st. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $66.33.

Shares of EME stock opened at $68.50 on Wednesday. The company has a market capitalization of $3.76 billion, a P/E ratio of 11.75 and a beta of 1.03. The business’s 50 day moving average is $63.34 and its two-hundred day moving average is $68.35. The company has a current ratio of 1.50, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34. Emcor Group has a 12-month low of $41.85 and a 12-month high of $93.54.

Emcor Group (NYSE:EME) last announced its earnings results on Thursday, April 30th. The construction company reported $1.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.35. Emcor Group had a return on equity of 16.51% and a net margin of 3.53%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the company posted $1.28 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that Emcor Group will post 4.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Monday, July 20th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Friday, July 17th. Emcor Group’s payout ratio is 5.57%.

Large investors have recently bought and sold shares of the company. BDO Wealth Advisors LLC boosted its position in Emcor Group by 988.9% during the first quarter. BDO Wealth Advisors LLC now owns 490 shares of the construction company’s stock worth $30,000 after acquiring an additional 445 shares during the last quarter. AXA boosted its holdings in shares of Emcor Group by 96.5% during the 4th quarter. AXA now owns 28,300 shares of the construction company’s stock worth $2,442,000 after purchasing an additional 13,900 shares during the last quarter. Legal & General Group Plc grew its position in shares of Emcor Group by 7.0% in the first quarter. Legal & General Group Plc now owns 213,710 shares of the construction company’s stock valued at $13,104,000 after purchasing an additional 13,892 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Emcor Group in the fourth quarter valued at approximately $15,948,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Emcor Group by 1,406.5% in the first quarter. Tower Research Capital LLC TRC now owns 2,787 shares of the construction company’s stock valued at $171,000 after purchasing an additional 2,602 shares during the last quarter. 92.94% of the stock is currently owned by hedge funds and other institutional investors.

Emcor Group Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

Recommended Story: Book Value Per Share in Stock Trading

Receive News & Ratings for Emcor Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emcor Group and related companies with MarketBeat.com's FREE daily email newsletter.