EMCOR Group, Inc. (NYSE:EME) Receives $518.75 Average PT from Analysts

EMCOR Group, Inc. (NYSE:EME) has been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $518.75.

EME has been the topic of several analyst reports. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday. They set a “sell” rating and a $445.00 price target for the company. Finally, Northcoast Research initiated coverage on EMCOR Group in a report on Friday. They issued a “buy” rating and a $600.00 price target on the stock.

Institutional Trading of EMCOR Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cumberland Partners Ltd boosted its position in EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after acquiring an additional 1,500 shares during the last quarter. Cetera Advisors LLC increased its stake in EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after purchasing an additional 3,869 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in EMCOR Group by 173.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after buying an additional 34,553 shares during the period. Gulf International Bank UK Ltd acquired a new stake in EMCOR Group in the 2nd quarter worth about $1,405,000. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in EMCOR Group in the 3rd quarter valued at about $8,352,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 4.2 %

Shares of EMCOR Group stock opened at $504.92 on Friday. The company has a fifty day simple moving average of $457.00 and a 200-day simple moving average of $402.81. EMCOR Group has a 12-month low of $209.31 and a 12-month high of $532.38. The stock has a market cap of $23.23 billion, a price-to-earnings ratio of 25.64 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted 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. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.61 earnings per share. On average, analysts forecast that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

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.