EMCOR Group (NYSE:EME) Given New $597.00 Price Target at Stifel Nicolaus

EMCOR Group (NYSE:EME - Get Free Report) had its target price hoisted by equities researchers at Stifel Nicolaus from $503.00 to $597.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Stifel Nicolaus' target price points to a potential upside of 7.46% from the stock's current price.

A number of other research firms have also recently weighed in on EME. Robert W. Baird assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. William Blair assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. UBS Group started coverage on shares of EMCOR Group in a report on Friday, June 13th. They issued a "buy" rating and a $570.00 price target on the stock. Finally, TD Securities started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $532.00.

EMCOR Group Stock Up 1.5%

EMCOR Group stock traded up $7.99 during midday trading on Friday, hitting $555.58. 39,751 shares of the company's stock were exchanged, compared to its average volume of 449,355. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. EMCOR Group has a 12 month low of $319.49 and a 12 month high of $556.19. The firm has a 50-day moving average of $485.08 and a two-hundred day moving average of $443.93. The company has a market cap of $24.87 billion, a PE ratio of 24.55 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The company had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the business earned $4.17 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis. As a group, analysts expect that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the transaction, the director directly owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer directly owned 208,989 shares of the company's stock, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

Hedge Funds Weigh In On EMCOR Group

A number of institutional investors have recently bought and sold shares of EME. BankPlus Trust Department raised its position in EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group during the 1st quarter valued at approximately $30,000. Groupe la Francaise increased its holdings in shares of EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new position in shares of EMCOR Group during the 1st quarter valued at approximately $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.

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