EMCOR Group, Inc. (NYSE:EME) Given Average Recommendation of “Hold” by Analysts

Shares of EMCOR Group, Inc. (NYSE:EME) have earned a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $518.75.

Several equities analysts have weighed in on the company. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday. They issued a “sell” rating and a $445.00 price target on the stock. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday. They issued a “buy” rating and a $600.00 price target on the stock. DA Davidson lifted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company.

Institutional Trading of EMCOR Group

Institutional investors have recently made changes to their positions in the stock. Matrix Trust Co purchased a new position in EMCOR Group during the second quarter valued at $26,000. Proffitt & Goodson Inc. bought a new position in shares of EMCOR Group during the second quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of EMCOR Group during the second quarter valued at $29,000. ORG Partners LLC bought a new position in shares of EMCOR Group during the second quarter valued at $31,000. Finally, ORG Wealth Partners LLC bought a new position in shares of EMCOR Group during the third quarter valued at $33,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded down $16.95 during trading hours on Friday, hitting $510.00. The company’s stock had a trading volume of 92,491 shares, compared to its average volume of 433,042. EMCOR Group has a 12 month low of $209.31 and a 12 month high of $532.38. The stock has a 50 day moving average of $454.82 and a 200 day moving average of $401.69. The company has a market capitalization of $23.46 billion, a PE ratio of 25.90 and a beta of 1.07.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.61 EPS. Equities analysts expect that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

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.