EMCOR Group (NYSE:EME) Raised to “Strong-Buy” at StockNews.com

EMCOR Group (NYSE:EME) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Several other analysts have also recently issued reports on the company. Northcoast Research initiated coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. Finally, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Performance

Shares of EME stock opened at $448.80 on Tuesday. EMCOR Group has a fifty-two week low of $229.75 and a fifty-two week high of $545.29. The firm has a market capitalization of $20.64 billion, a price-to-earnings ratio of 22.79 and a beta of 1.11. The stock’s 50-day simple moving average is $483.05 and its 200-day simple moving average is $439.71.

Institutional Trading of EMCOR Group

Several hedge funds and other institutional investors have recently bought and sold shares of EME. ORG Wealth Partners LLC bought a new stake in shares of EMCOR Group during the third quarter worth approximately $33,000. True Wealth Design LLC increased its position in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares during the period. SJS Investment Consulting Inc. increased its holdings in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC acquired a new stake in EMCOR Group during the 3rd quarter worth approximately $55,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.