Emerald Expositions Events, Inc. (NYSE:EEX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Emerald Expositions Events, Inc. organizes business to business trade shows. The Company operates live events as well as offers other marketing services, including digital media and print publications. It serves sports, technology, jewelry, construction and other sectors primarily in the United States. Emerald Expositions Events, Inc. is headquartered in San Juan Capistrano, California. “

EEX has been the topic of several other reports. Barclays PLC started coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued an “overweight” rating and a $25.00 price objective on the stock. Bank of America Corporation started coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued a “buy” rating and a $25.00 price objective on the stock. Royal Bank Of Canada started coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued an “outperform” rating and a $25.00 price objective on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued a “neutral” rating and a $23.20 price objective on the stock. Finally, Robert W. Baird started coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued a “neutral” rating and a $23.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $24.28.

Emerald Expositions Events (NYSE:EEX) traded down 0.50% during trading on Friday, reaching $21.89. 46,903 shares of the company’s stock traded hands. The stock has a market cap of $1.58 billion and a price-to-earnings ratio of 84.84. The company’s 50 day moving average is $21.88 and its 200-day moving average is $21.65. Emerald Expositions Events has a 52-week low of $18.67 and a 52-week high of $23.37.

Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $74.14 million during the quarter, compared to analysts’ expectations of $74.81 million. On average, analysts anticipate that Emerald Expositions Events will post $1.06 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors bought a new position in shares of Emerald Expositions Events in the second quarter worth approximately $200,000. Atlantic Trust Group LLC bought a new position in shares of Emerald Expositions Events in the second quarter worth approximately $274,000. Parametric Portfolio Associates LLC bought a new position in shares of Emerald Expositions Events in the second quarter worth approximately $340,000. New York State Common Retirement Fund bought a new position in shares of Emerald Expositions Events in the second quarter worth approximately $366,000. Finally, Rhumbline Advisers bought a new position in shares of Emerald Expositions Events in the second quarter worth approximately $376,000. Institutional investors own 26.69% of the company’s stock.

About Emerald Expositions Events

Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.

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Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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