EMCOR Group (NYSE:EME) Coverage Initiated by Analysts at Stifel Nicolaus

Stock analysts at Stifel Nicolaus initiated coverage on shares of EMCOR Group (NYSE:EME) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $600.00 price target on the construction company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 20.41% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. DA Davidson lifted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $498.31 on Friday. The firm’s 50 day simple moving average is $438.03 and its 200 day simple moving average is $395.70. The company has a market capitalization of $22.92 billion, a price-to-earnings ratio of 25.31 and a beta of 1.07. EMCOR Group has a fifty-two week low of $209.31 and a fifty-two week high of $525.31.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business posted $3.61 EPS. EMCOR Group’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts expect that EMCOR Group will post 20.75 earnings per share for the current year.

Institutional Investors Weigh In On EMCOR Group

A number of large investors have recently bought and sold shares of EME. Cumberland Partners Ltd lifted its stake in shares of EMCOR Group by 60.0% in the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after acquiring an additional 1,500 shares during the last quarter. Cetera Advisors LLC increased its position in EMCOR Group by 165.3% in the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after buying an additional 3,869 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of EMCOR Group by 173.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after purchasing an additional 34,553 shares during the period. HBK Sorce Advisory LLC acquired a new position in EMCOR Group during the first quarter worth $209,000. Finally, Gulf International Bank UK Ltd bought a new position in EMCOR Group in the 2nd quarter valued at about $1,405,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.