William Blair Initiates Coverage on EMCOR Group (NYSE:EME)

Key Points

• William Blair has initiated coverage on EMCOR Group (NYSE: EME) with an "outperform" rating, signaling positive expectations for the company's stock performance.
• The consensus rating for EMCOR Group remains a "Moderate Buy" with an average target price of $594.50, as various analysts have issued differing ratings and price objectives for the stock.
• EMCOR Group's recent earnings report showed strong performance, with earnings per share of $6.72, exceeding estimates by $1.04, and a revenue increase of 17.4% year-over-year.

Research analysts at William Blair assumed coverage on shares of EMCOR Group (NYSE:EME - Get Free Report) in a research note issued on Thursday,Briefing.com Automated Import reports. The firm set an "outperform" rating on the construction company's stock.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Northcoast Research lowered 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 note on Thursday, August 7th. Robert W. Baird began coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, DA Davidson lifted their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, EMCOR Group has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Up 1.9%

NYSE EME opened at $634.67 on Thursday. The business has a fifty day moving average price of $600.83 and a two-hundred day moving average price of $487.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The stock has a market capitalization of $28.41 billion, a PE ratio of 26.33 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 revenue for the quarter 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. Equities analysts expect that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EMCOR Group

A number of institutional investors and hedge funds have recently made changes to their positions in EME. BankPlus Trust Department boosted its position in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after purchasing an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in EMCOR Group in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. purchased a new position in EMCOR Group in the first quarter worth about $30,000. Groupe la Francaise boosted its position in EMCOR Group by 79.2% in the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after purchasing an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new position in EMCOR Group in the first quarter worth about $37,000. 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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