EMCOR Group (NYSE:EME) Downgraded by StockNews.com to “Buy”

EMCOR Group (NYSE:EME) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

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

EMCOR Group Price Performance

Shares of EME stock traded up $6.90 during trading hours on Tuesday, hitting $398.33. The stock had a trading volume of 827,574 shares, compared to its average volume of 500,127. The stock’s 50-day moving average price is $463.19 and its two-hundred day moving average price is $448.38. EMCOR Group has a one year low of $269.06 and a one year high of $545.29. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 20.23 and a beta of 1.11.

Institutional Trading of EMCOR Group

Several hedge funds and other institutional investors have recently bought and sold shares of EME. Continuum Advisory LLC increased its position in EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock valued at $38,000 after acquiring an additional 29 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of EMCOR Group during the 4th quarter worth about $45,000. True Wealth Design LLC grew its holdings in EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after purchasing an additional 104 shares during the last quarter. SJS Investment Consulting Inc. raised its position in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in EMCOR Group in the 3rd quarter worth about $55,000. Hedge funds and other 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.