EMCOR Group (NYSE:EME) Now Covered by Analysts at Stifel Nicolaus

Research analysts at Stifel Nicolaus began coverage on shares of EMCOR Group (NYSE:EME) in a research report issued on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $600.00 price target on the construction company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 20.27% from the company’s previous close.

Several other equities analysts have also issued reports on EME. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson raised their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

EMCOR Group Stock Performance

Shares of EME opened at $498.86 on Friday. The firm has a market cap of $22.95 billion, a price-to-earnings ratio of 25.34 and a beta of 1.07. EMCOR Group has a fifty-two week low of $209.31 and a fifty-two week high of $525.31. The firm has a 50 day moving average price of $443.84 and a 200-day moving average price of $397.35.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $3.61 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts predict that EMCOR Group will post 20.75 earnings per share for the current year.

Hedge Funds Weigh In On EMCOR Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in EMCOR Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company’s stock valued at $428,313,000 after purchasing an additional 49,137 shares during the period. Brophy Wealth Management LLC purchased a new position in shares of EMCOR Group during the third quarter valued at about $221,000. M&T Bank Corp raised its stake in EMCOR Group by 6.9% in the third quarter. M&T Bank Corp now owns 3,554 shares of the construction company’s stock worth $1,530,000 after buying an additional 228 shares in the last quarter. Executive Wealth Management LLC purchased a new stake in EMCOR Group in the third quarter worth about $3,148,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in EMCOR Group by 64.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 20,417 shares of the construction company’s stock valued at $8,790,000 after acquiring an additional 8,013 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

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.