EMCOR Group (NYSE:EME) Price Target Raised to $718.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised its price target for EMCOR Group from $692.00 to $718.00, reflecting a potential upside of 5.36% from the stock's last closing price, and maintains a "buy" rating.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding analysts' estimates of $5.68, and showed a year-over-year revenue increase of 17.4%, with FY 2025 guidance set at 24.500-25.750 EPS.
• Institutional investors own approximately 92.59% of EMCOR Group's stock, indicating strong confidence from large financial entities.

EMCOR Group (NYSE:EME - Get Free Report) had its price objective upped by stock analysts at Stifel Nicolaus from $692.00 to $718.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Stifel Nicolaus' price target points to a potential upside of 5.36% from the stock's previous close.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. The Goldman Sachs Group upgraded shares of EMCOR Group from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and a consensus target price of $654.83.

EMCOR Group Trading Up 2.7%

NYSE EME traded up $17.71 during trading on Monday, hitting $681.45. The stock had a trading volume of 71,328 shares, compared to its average volume of 523,781. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market capitalization of $30.50 billion, a price-to-earnings ratio of 28.24 and a beta of 1.24. EMCOR Group has a one year low of $320.89 and a one year high of $697.91. The stock has a 50 day simple moving average of $631.80 and a 200 day simple moving average of $528.20.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the company earned $5.25 EPS. EMCOR Group's quarterly revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts predict that EMCOR Group will post 20.74 earnings per share for the current year.

Institutional Trading of EMCOR Group

Several hedge funds and other institutional investors have recently bought and sold shares of EME. GAMMA Investing LLC grew its position in EMCOR Group by 34.9% during the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock valued at $374,000 after buying an additional 262 shares during the period. CX Institutional acquired a new stake in shares of EMCOR Group during the 1st quarter valued at about $95,000. Fifth Third Bancorp grew its position in shares of EMCOR Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after acquiring an additional 126 shares during the period. Sound Income Strategies LLC grew its position in shares of EMCOR Group by 2,332.0% during the 1st quarter. Sound Income Strategies LLC now owns 608 shares of the construction company's stock valued at $225,000 after acquiring an additional 583 shares during the period. Finally, Brown Miller Wealth Management LLC acquired a new stake in shares of EMCOR Group during the 1st quarter valued at about $245,000. 92.59% of the stock is owned by institutional investors and hedge funds.

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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