EMCOR Group, Inc. (NYSE:EME) Receives $518.75 Average Price Target from Analysts

Shares of EMCOR Group, Inc. (NYSE:EME) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $518.75.

EME has been the topic of several research analyst reports. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research note on Friday. They issued a “sell” rating and a $445.00 price objective on the stock. Northcoast Research began coverage on EMCOR Group in a research report on Friday. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company.

EMCOR Group Stock Down 4.2 %

NYSE:EME opened at $504.92 on Friday. The firm has a market capitalization of $23.23 billion, a P/E ratio of 25.64 and a beta of 1.07. The company has a fifty day moving average of $457.00 and a 200 day moving average of $402.81. EMCOR Group has a 52 week low of $209.31 and a 52 week high of $532.38.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 earnings per share. As a group, analysts anticipate that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 5.08%.

Hedge Funds Weigh In On EMCOR Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Matrix Trust Co purchased a new position in EMCOR Group during the second quarter worth approximately $26,000. Proffitt & Goodson Inc. acquired a new stake in EMCOR Group during the second quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in EMCOR Group in the 3rd quarter valued at about $33,000. Innealta Capital LLC purchased a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $29,000. Finally, ORG Partners LLC purchased a new stake in EMCOR Group in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

About EMCOR Group

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.