EMCOR Group (NYSE:EME) Stock Gets Downgrade from Zacks Research

EMCOR Group (NYSE:EME) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other research analysts also recently commented on EME. Cantor Fitzgerald lowered their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a report on Monday, August 10th. The Goldman Sachs Group lowered their price target on EMCOR Group from $885.00 to $795.00 and set a “neutral” rating for the company in a research report on Tuesday. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research report on Monday, August 10th. Weiss Ratings downgraded EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Oppenheimer raised their target price on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $982.86.

EMCOR Group Stock Down 2.2%

Shares of EME opened at $700.86 on Monday. The business has a 50-day simple moving average of $765.98 and a two-hundred day simple moving average of $802.03. The stock has a market cap of $30.91 billion, a price-to-earnings ratio of 21.80 and a beta of 1.12. EMCOR Group has a 52 week low of $564.92 and a 52 week high of $951.96.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the company posted $6.72 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, equities analysts anticipate that EMCOR Group will post 32.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EMCOR Group

Institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of EMCOR Group by 3.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock worth $270,000 after buying an additional 13 shares during the period. Investment Advisory Services Inc. TX ADV raised its position in EMCOR Group by 3.7% in the first quarter. Investment Advisory Services Inc. TX ADV now owns 419 shares of the construction company’s stock worth $309,000 after acquiring an additional 15 shares in the last quarter. Narus Financial Partners LLC lifted its stake in shares of EMCOR Group by 2.0% in the first quarter. Narus Financial Partners LLC now owns 798 shares of the construction company’s stock valued at $589,000 after purchasing an additional 16 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of EMCOR Group by 1.7% in the first quarter. V Square Quantitative Management LLC now owns 1,090 shares of the construction company’s stock valued at $805,000 after purchasing an additional 18 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in EMCOR Group by 2.5% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 725 shares of the construction company’s stock valued at $547,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction, engineering, and building services through a network of specialty contracting businesses. Its core activities include electrical and mechanical construction, energy infrastructure, building systems, facilities services, and industrial maintenance. The company serves commercial, institutional, industrial, manufacturing, healthcare, education, government, and infrastructure customers.

Its services cover the design, installation, operation, maintenance, and upgrading of electrical, heating, ventilation, air-conditioning, plumbing, fire protection, and building automation systems.