EMCOR Group (NYSE:EME) Earns Sell Rating from Analysts at The Goldman Sachs Group

Research analysts at The Goldman Sachs Group started coverage on shares of EMCOR Group (NYSE:EME) in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set a “sell” rating and a $445.00 price target on the construction company’s stock. The Goldman Sachs Group’s price objective suggests a potential downside of 11.87% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, DA Davidson lifted their price objective on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Trading Down 4.2 %

Shares of EME opened at $504.92 on Friday. The stock’s 50-day moving average price is $457.00 and its two-hundred day moving average price is $402.62. EMCOR Group has a 12 month low of $209.31 and a 12 month high of $532.38. The company has a market capitalization of $23.23 billion, a PE ratio of 25.64 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.61 earnings per share. Equities research analysts predict that EMCOR Group will post 20.74 EPS for the current fiscal year.

Institutional Investors Weigh In On EMCOR Group

A number of hedge funds have recently added to or reduced their stakes in the company. Fulcrum Equity Management bought a new position in shares of EMCOR Group in the 3rd quarter worth $205,000. SkyView Investment Advisors LLC lifted its stake in shares of EMCOR Group by 0.9% in the third quarter. SkyView Investment Advisors LLC now owns 7,533 shares of the construction company’s stock valued at $3,243,000 after buying an additional 68 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in shares of EMCOR Group in the third quarter valued at $204,000. Fortem Financial Group LLC grew its holdings in shares of EMCOR Group by 7.1% during the third quarter. Fortem Financial Group LLC now owns 6,946 shares of the construction company’s stock valued at $2,990,000 after buying an additional 459 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of EMCOR Group by 30.1% during the third quarter. Toronto Dominion Bank now owns 5,992 shares of the construction company’s stock worth $2,580,000 after acquiring an additional 1,387 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.