EMCOR Group (NYSE:EME) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded EMCOR Group from “strong buy” to “hold,” although the broader analyst consensus remains “moderate buy” with an average price target of $982.86.
• EMCOR shares opened at $700.86, down 2.2%, and remain well below their 52-week high of $951.96.
• The company reported strong quarterly results, with EPS of $9.06 and revenue of $5.15 billion exceeding estimates; revenue rose 19.7% year over year, while institutional investors own 92.59% of shares.

EMCOR Group (NYSE:EME - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday, Zacks reports.

Several other research firms have also issued reports on EME. Oppenheimer upped their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Cantor Fitzgerald reduced their price objective on EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a report on Monday, August 10th. The Goldman Sachs Group lowered their target price on shares of EMCOR Group from $885.00 to $795.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, UBS Group reiterated a "buy" rating on shares of EMCOR Group in a research note on Friday, October 9th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $982.86.

EMCOR Group Stock Down 2.2%

Shares of EMCOR Group stock opened at $700.86 on Monday. The firm has a market cap of $30.91 billion, a P/E ratio of 24.17 and a beta of 1.12. EMCOR Group has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The business has a 50-day moving average price of $765.98 and a 200 day moving average price of $802.03.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping analysts' consensus estimates of $7.23 by $1.83. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%. EMCOR Group's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities research analysts anticipate that EMCOR Group will post 32.98 earnings per share for the current year.

Institutional Trading of EMCOR Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in EMCOR Group by 13.3% in the 2nd quarter. NewEdge Advisors LLC now owns 17,873 shares of the construction company's stock worth $14,833,000 after purchasing an additional 2,099 shares in the last quarter. Summit Global Investments acquired a new stake in EMCOR Group during the 2nd quarter worth about $3,791,000. Sapient Capital LLC acquired a new stake in EMCOR Group during the 2nd quarter worth about $5,962,000. Nykredit A S purchased a new stake in EMCOR Group during the second quarter valued at about $18,443,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in EMCOR Group during the second quarter valued at about $3,640,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

About EMCOR Group

EMCOR Group, Inc provides construction, engineering, and building services through a network of specialty contracting businesses. Its core activities include electrical and mechanical construction, energy infrastructure, building systems, facilities services, and industrial maintenance. The company serves commercial, institutional, industrial, manufacturing, healthcare, education, government, and infrastructure customers.

Its services cover the design, installation, operation, maintenance, and upgrading of electrical, heating, ventilation, air-conditioning, plumbing, fire protection, and building automation systems.

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