EMCOR Group (NYSE:EME) Stock Rating Lowered by Zacks Research

EMCOR Group (NYSE:EME) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other analysts have also recently commented on EME. Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research report on Thursday, August 7th. Stifel Nicolaus upped their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group set a $750.00 price target on EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Stock Down 3.8%

EMCOR Group stock opened at $583.11 on Wednesday. The firm has a market cap of $26.10 billion, a price-to-earnings ratio of 24.20 and a beta of 1.25. EMCOR Group has a 52-week low of $320.89 and a 52-week high of $778.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a 50 day moving average price of $660.49 and a two-hundred day moving average price of $585.06.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm posted $5.80 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities analysts predict that EMCOR Group will post 20.74 EPS for the current year.

Insider Buying and Selling

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director owned 6,140 shares in the company, valued at $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.83% of the company’s stock.

Institutional Trading of EMCOR Group

Several hedge funds have recently bought and sold shares of the business. Main Street Group LTD increased its stake in EMCOR Group by 110.0% during the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares in the last quarter. Quent Capital LLC acquired a new position in shares of EMCOR Group during the third quarter valued at about $29,000. Orion Capital Management LLC acquired a new position in shares of EMCOR Group during the third quarter valued at about $31,000. Groupe la Francaise increased its position in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after acquiring an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. acquired a new stake in shares of EMCOR Group in the 1st quarter worth about $37,000. Institutional investors and hedge funds 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.