EMCOR Group (NYSE:EME – Get Free Report) had its target price reduced by Oppenheimer from $1,200.00 to $1,000.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Oppenheimer‘s target price would indicate a potential upside of 44.77% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Cantor Fitzgerald reduced their target price on shares of EMCOR Group from $1,047.00 to $920.00 and set an “overweight” rating on the stock in a research report on Monday. The Goldman Sachs Group cut their price target on EMCOR Group from $885.00 to $795.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. Weiss Ratings lowered EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Robert W. Baird increased their target price on EMCOR Group from $900.00 to $918.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, UBS Group restated a “buy” rating and set a $1,065.00 target price (up from $975.00) on shares of EMCOR Group in a report on Friday, October 9th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $951.86.
Get Our Latest Stock Report on EMCOR Group
EMCOR Group Stock Up 1.6%
EME traded up $11.21 during trading on Monday, reaching $690.76. 88,254 shares of the company’s stock were exchanged, compared to its average volume of 394,656. EMCOR Group has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The business has a 50 day moving average price of $742.75 and a 200 day moving average price of $779.57. The company has a market capitalization of $30.24 billion, a P/E ratio of 20.02 and a beta of 1.16.
EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The construction company reported $9.60 EPS for the quarter, topping analysts’ consensus estimates of $8.37 by $1.23. The company had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.19 billion. EMCOR Group had a net margin of 7.78% and a return on equity of 36.65%. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period last year, the firm earned $6.57 EPS. As a group, research analysts forecast that EMCOR Group will post 35.00 EPS for the current year.
EMCOR Group announced that its board has initiated a share buyback plan on Thursday, October 29th that allows the company to buy back $500 million in shares. This repurchase authorization allows the construction company to purchase up to 1.7% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Institutional Trading of EMCOR Group
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $3,416,412,000. First Trust Advisors LP grew its position in shares of EMCOR Group by 7.3% in the 1st quarter. First Trust Advisors LP now owns 630,406 shares of the construction company’s stock valued at $465,435,000 after acquiring an additional 42,949 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of EMCOR Group by 9.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 416,734 shares of the construction company’s stock worth $345,839,000 after purchasing an additional 34,358 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of EMCOR Group during the 2nd quarter worth about $342,273,000. Finally, Value Aligned Research Advisors LLC raised its holdings in shares of EMCOR Group by 56.6% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 349,960 shares of the construction company’s stock valued at $290,425,000 after purchasing an additional 126,439 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.
About EMCOR Group
EMCOR Group, Inc provides construction, engineering, and building services through a network of specialty contracting businesses. Its core activities include electrical and mechanical construction, energy infrastructure, building systems, facilities services, and industrial maintenance. The company serves commercial, institutional, industrial, manufacturing, healthcare, education, government, and infrastructure customers.
Its services cover the design, installation, operation, maintenance, and upgrading of electrical, heating, ventilation, air-conditioning, plumbing, fire protection, and building automation systems.
Featured Stories
- Five stocks we like better than EMCOR Group
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
- 3 Waste Services Stocks With More Growth Than You Might Expect
- Alphabet’s $400 Billion Sell-Off Could Be the Best AI Buying Window Left in 2026
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.
