EMCOR Group PT Raised to $52.00 at Davidson (EME)
Davidson increased their target price on shares of EMCOR Group (NYSE:EME) from $48.00 to $52.00 in a research note issued on Wednesday, Analyst Ratings News reports. Davidson’s target price indicates a potential upside of 15.94% from the company’s current price.
EME has been the subject of a number of other recent research reports. 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. Analysts at DA Davidson raised their price target on shares of EMCOR Group from $45.00 to $48.00 in a research note on Thursday, January 9th. They now have a “buy” rating 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 has a consensus rating of “Hold” and an average target price of $45.14.
Shares of EMCOR Group (NYSE:EME) traded up 1.58% during mid-day trading on Wednesday, hitting $45.56. 535,623 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 $42.86 and its 200-day moving average is $40.08. The company has a market cap of $3.058 billion and a price-to-earnings ratio of 24.66.
EMCOR Group (NYSE:EME) last announced its earnings results 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. On average, analysts predict that EMCOR Group will post $2.54 earnings per share for the current fiscal year.
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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