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 Monday.

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

EMCOR Group Stock Performance

EMCOR Group stock traded down $101.95 during midday trading on Monday, reaching $429.70. 1,610,988 shares of the stock were exchanged, compared to its average volume of 451,855. The company's fifty day moving average is $490.19 and its 200-day moving average is $437.44. EMCOR Group has a 52 week low of $220.62 and a 52 week high of $545.29. The firm has a market cap of $19.77 billion, a PE ratio of 21.82 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the prior year, the firm posted $3.61 earnings per share. The business's quarterly revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors and hedge funds have recently made changes to their positions in EME. Consolidated Portfolio Review Corp purchased a new position in shares of EMCOR Group in the fourth quarter worth about $2,166,000. Measured Wealth Private Client Group LLC boosted its stake in shares of EMCOR Group by 36.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 1,496 shares of the construction company's stock valued at $679,000 after purchasing an additional 400 shares during the period. Geneva Partners LLC grew its holdings in shares of EMCOR Group by 213.1% in the fourth quarter. Geneva Partners LLC now owns 12,233 shares of the construction company's stock worth $5,553,000 after purchasing an additional 8,326 shares during the last quarter. Meritage Portfolio Management increased its stake in shares of EMCOR Group by 8.1% in the fourth quarter. Meritage Portfolio Management now owns 6,526 shares of the construction company's stock worth $2,962,000 after buying an additional 490 shares during the period. Finally, Hager Investment Management Services LLC purchased a new stake in EMCOR Group during the 4th quarter valued at $2,524,000. Institutional investors own 92.59% of the company's stock.

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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