EMCOR Group (NYSE:EME - Get Free Report)'s stock had its "buy (b)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Several other equities analysts have also recently commented on EME. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. William Blair assumed coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an "outperform" rating on the stock. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $634.67.
View Our Latest Analysis on EMCOR Group
EMCOR Group Stock Up 3.2%
NYSE:EME traded up $21.85 during trading hours on Wednesday, hitting $694.93. 417,556 shares of the stock traded hands, compared to its average volume of 995,030. The firm has a 50 day moving average price of $629.93 and a 200 day moving average price of $522.65. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. EMCOR Group has a fifty-two week low of $320.89 and a fifty-two week high of $695.40. The firm has a market cap of $31.11 billion, a price-to-earnings ratio of 28.84 and a beta of 1.24.
EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same period in the previous year, the company posted $5.25 EPS. EMCOR Group's revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities research analysts anticipate that EMCOR Group will post 20.74 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of EME. Norges Bank acquired a new position in EMCOR Group during the 2nd quarter worth $344,548,000. Pacer Advisors Inc. lifted its position in EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after acquiring an additional 521,147 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new position in EMCOR Group during the 1st quarter worth $114,220,000. Jones Financial Companies Lllp lifted its position in EMCOR Group by 56,287.8% during the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock worth $105,881,000 after acquiring an additional 285,942 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock worth $253,065,000 after acquiring an additional 213,631 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.
EMCOR Group Company Profile
(
Get Free Report)
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.
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