Wall Street Zen Downgrades EMCOR Group (NYSE:EME) to Buy

EMCOR Group (NYSE:EME) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other research firms have also recently issued reports on EME. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Robert W. Baird set a $713.00 price objective on EMCOR Group in a report on Friday, October 31st. William Blair initiated coverage on EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Finally, The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and increased their price objective for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $692.83.

EMCOR Group Trading Up 1.5%

EME opened at $663.88 on Friday. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 27.49 and a beta of 1.25. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. EMCOR Group has a 12 month low of $320.89 and a 12 month high of $778.64. The stock has a fifty day moving average price of $661.69 and a 200-day moving average price of $574.18.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $6.57. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts anticipate that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Insider Buying and Selling at EMCOR Group

In related 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors have recently added to or reduced their stakes in EME. Main Street Group LTD increased its stake in EMCOR Group by 110.0% in the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the period. Quent Capital LLC acquired a new position in shares of EMCOR Group during the third quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in EMCOR Group in the third quarter valued at about $31,000. BankPlus Trust Department boosted its holdings in EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after purchasing an additional 48 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group during the 1st quarter worth approximately $28,000. 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.