EMCOR Group PT Raised to $51.00 (EME)
Equities research analysts at Stifel Nicolaus lifted their price target on shares of EMCOR Group (NYSE:EME) from $44.50 to $51.00 in a research note issued to investors on Wednesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 13.71% from the company’s current price.
Shares of EMCOR Group (NYSE:EME) traded up 1.72% during mid-day trading on Wednesday, hitting $45.62. 190,539 shares of the company’s stock traded hands. EMCOR Group has a 52 week low of $35.58 and a 52 week high of $45.74. The stock’s 50-day moving average is $42.76 and its 200-day moving average is $40.04. The company has a market cap of $3.063 billion and a P/E ratio of 24.66.
EMCOR Group (NYSE:EME) last released its earnings data on Tuesday, February 25th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.08. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.71 billion. Analysts expect that EMCOR Group will post $2.54 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Davidson raised their price target on shares of EMCOR Group from $48.00 to $52.00 in a research note on Wednesday. Separately, analysts at Zacks upgraded shares of EMCOR Group from an “underperform” rating to a “neutral” rating in a research note on Friday, February 7th. They now have a $42.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. EMCOR Group presently has an average rating of “Hold” and a consensus price target of $45.14.
EMCOR Group, Inc (NYSE:EME) is an electrical and mechanical construction and facilities services firm in the United States, the United Kingdom and globally.
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