EMCOR Group (NYSE:EME) Given New $725.00 Price Target at DA Davidson

Key Points

• Analysts at DA Davidson have increased their price target for EMCOR Group (NYSE: EME) from $515.00 to $725.00, indicating a potential upside of 15.91% from the current stock price.
• EMCOR Group recently reported earnings of $6.72 EPS, surpassing analysts' expectations of $5.68, alongside a revenue of $4.30 billion for the quarter.
• The stock has received mixed ratings, with an average recommendation of "Moderate Buy" from analysts, while it has fluctuated between a 12-month low of $319.49 and a high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) had its price objective hoisted by analysts at DA Davidson from $515.00 to $725.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. DA Davidson's price target would suggest a potential upside of 15.91% from the stock's previous close. DA Davidson also issued estimates for EMCOR Group's FY2026 earnings at $27.88 EPS.

EME has been the subject of several other reports. Robert W. Baird initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating on the stock. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group raised their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $605.33.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded down $2.03 during midday trading on Friday, hitting $625.46. 508,793 shares of the company were exchanged, compared to its average volume of 374,236. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.14. The firm has a market cap of $28.00 billion, a P/E ratio of 25.95 and a beta of 1.27. EMCOR Group has a 52 week low of $319.49 and a 52 week high of $667.64. The firm has a 50 day simple moving average of $527.75 and a 200-day simple moving average of $456.93.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The firm's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.25 earnings per share. Research analysts forecast that EMCOR Group will post 20.74 earnings per share for the current year.

Insider Buying and Selling at EMCOR Group

In related news, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the sale, the chief executive officer directly owned 208,989 shares of the company's stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.83% of the company's stock.

Institutional Trading of EMCOR Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McLean Asset Management Corp boosted its position in EMCOR Group by 2.8% during the second quarter. McLean Asset Management Corp now owns 700 shares of the construction company's stock valued at $379,000 after buying an additional 19 shares during the period. Park Place Capital Corp increased its position in shares of EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company's stock valued at $164,000 after acquiring an additional 20 shares in the last quarter. NBC Securities Inc. increased its position in shares of EMCOR Group by 0.7% during the second quarter. NBC Securities Inc. now owns 3,170 shares of the construction company's stock valued at $1,695,000 after acquiring an additional 23 shares in the last quarter. Institute for Wealth Management LLC. boosted its holdings in EMCOR Group by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company's stock worth $562,000 after purchasing an additional 23 shares during the last quarter. Finally, Wealthstream Advisors Inc. boosted its stake in shares of EMCOR Group by 3.4% during the 2nd quarter. Wealthstream Advisors Inc. now owns 721 shares of the construction company's stock worth $386,000 after acquiring an additional 24 shares during the last quarter. 92.59% of the stock is owned by 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.