EMCOR Group (NYSE:EME) Stock Rating Lowered by StockNews.com

EMCOR Group (NYSE:EME - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Wednesday.

A number of other brokerages also recently issued reports on EME. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price target on the stock. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They set a "buy" rating and a $600.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a "sell" rating and a $445.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Stock Performance

EME traded down $1.75 during trading on Wednesday, reaching $425.80. 303,335 shares of the company traded hands, compared to its average volume of 497,463. The company has a market cap of $19.59 billion, a P/E ratio of 21.63 and a beta of 1.11. EMCOR Group has a 12-month low of $247.24 and a 12-month high of $545.29. The firm has a fifty day simple moving average of $470.50 and a 200 day simple moving average of $445.06.

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Institutional Trading of EMCOR Group

Institutional investors have recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of EMCOR Group by 2.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 289,343 shares of the construction company's stock valued at $131,333,000 after acquiring an additional 6,271 shares during the period. Freestone Grove Partners LP bought a new position in EMCOR Group in the 4th quarter valued at $32,649,000. Gallo Partners LP purchased a new stake in EMCOR Group in the fourth quarter worth $1,530,000. Kapitalo Investimentos Ltda purchased a new stake in EMCOR Group in the fourth quarter worth $260,000. Finally, Voleon Capital Management LP bought a new stake in shares of EMCOR Group during the fourth quarter worth $1,452,000. 92.59% of the stock is currently owned by 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.