EMCOR Group's (EME) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• EMCOR Group's stock retains a buy rating from Weiss Ratings, with analysts noting its steady price performance and positive market outlook.
• The company's recent earnings report exceeded expectations, showing a 17.4% revenue increase year-over-year and strong earnings per share of $6.72.
• Current consensus among analysts indicates a Moderate Buy rating for the stock, with a target price averaging $654.83.

EMCOR Group (NYSE:EME - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. UBS Group set a $750.00 price objective on EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Robert W. Baird began coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. Finally, DA Davidson upped their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus target price of $654.83.

EMCOR Group Stock Up 7.5%

EME opened at $748.23 on Friday. The business's fifty day moving average is $646.43 and its two-hundred day moving average is $548.64. 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 company has a market cap of $33.49 billion, a price-to-earnings ratio of 31.05 and a beta of 1.24. EMCOR Group has a one year low of $320.89 and a one year high of $752.52.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 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 company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the business earned $5.25 earnings per share. 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. Analysts anticipate that EMCOR Group will post 20.74 EPS for the current fiscal year.

Hedge Funds Weigh In On EMCOR Group

Several large investors have recently added to or reduced their stakes in EME. Norges Bank purchased a new position in EMCOR Group during the second quarter worth about $344,548,000. Pacer Advisors Inc. lifted its position in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after buying an additional 521,147 shares during the period. New Vernon Capital Holdings II LLC purchased a new position in EMCOR Group during the first quarter worth about $114,220,000. Jones Financial Companies Lllp lifted its position in EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock worth $105,881,000 after buying an additional 285,942 shares during the period. Finally, AQR Capital Management LLC increased its stake in EMCOR Group by 43.6% during the first 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. 92.59% of the stock is currently 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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