EMCOR Group (NYSE:EME) Upgraded to "Neutral" at The Goldman Sachs Group

Key Points

• Goldman Sachs Group upgraded EMCOR Group from a "sell" to a "neutral" rating, with a price objective of $676.00, indicating a potential upside of 0.89% from the stock's previous close.
• EMCOR Group reported earnings of $6.72 per share for the last quarter, surpassing analysts' expectations by $1.04 and showing a 17.4% revenue increase compared to the same quarter last year.
• Institutional investors currently own 92.59% of EMCOR Group's stock, reflecting strong institutional interest in the company.

EMCOR Group (NYSE:EME - Get Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $676.00 price objective on the construction company's stock. The Goldman Sachs Group's price target would indicate a potential upside of 0.89% from the stock's previous close.

A number of other analysts have also recently issued reports on EME. William Blair assumed coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an "outperform" rating for the company. Northcoast Research downgraded shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective for the company. in a research report on Thursday, August 7th. TD Securities initiated coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Stifel Nicolaus lifted their price target on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $634.67.

EMCOR Group Stock Performance

EME opened at $670.02 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group has a 12-month low of $320.89 and a 12-month high of $679.02. The business has a 50 day moving average of $628.07 and a 200-day moving average of $520.38. The stock has a market cap of $29.99 billion, a price-to-earnings ratio of 27.80 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last posted 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. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the previous year, the firm earned $5.25 EPS. The firm's 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. On average, equities research analysts expect that EMCOR Group will post 20.74 earnings per share for the current year.

Hedge Funds Weigh In On EMCOR Group

A number of hedge funds have recently added to or reduced their stakes in EME. Private Trust Co. NA grew its holdings in shares of EMCOR Group by 28.6% during the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock worth $103,000 after purchasing an additional 62 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock worth $7,317,000 after buying an additional 3,407 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock worth $3,955,000 after buying an additional 6,361 shares in the last quarter. Fifth Third Bancorp increased its holdings in EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after buying an additional 126 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of EMCOR Group by 34.9% in the 1st 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 in the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Company Profile

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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