The stock of Emcor Group Inc (NYSE:EME) hit a new 52-week high and has $76.95 target or 26.00% above today’s $61.07 share price. The 7 months bullish chart indicates low risk for the $3.70B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $76.95 price target is reached, the company will be worth $962.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 277,755 shares traded hands. Emcor Group Inc (NYSE:EME) has risen 26.68% since April 5, 2016 and is uptrending. It has outperformed by 24.72% the S&P500.
Emcor Group Inc (NYSE:EME) Ratings Coverage
Out of 3 analysts covering EMCOR Group (NYSE:EME), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. EMCOR Group has been the topic of 6 analyst reports since October 14, 2015 according to StockzIntelligence Inc. Stifel Nicolaus reinitiated it with “Buy” rating and $56.0 target price in Tuesday, January 5 report. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Tuesday, July 19. The rating was downgraded by DA Davidson on Friday, February 26 to “Neutral”. Stifel Nicolaus maintained Emcor Group Inc (NYSE:EME) rating on Friday, October 28. Stifel Nicolaus has “Buy” rating and $70 price target. On Monday, May 2 the stock rating was maintained by Stifel Nicolaus with “Buy”.
According to Zacks Investment Research, “EMCOR GROUP, INC. conducts its business through subsidiaries, specializes in the design, integration, installation, start-up, testing, operation and maintenance of complex mechanical and electrical systems. In addition, certain of its subsidiaries operate and maintain mechanical and/or electrical systems for customers under contracts and provide other services to customers, at the customer’s facilities, which services are commonly referred to as facilities management.”
Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.02, from 1.19 in 2016Q1. The ratio dived, as 16 funds sold all Emcor Group Inc shares owned while 91 reduced positions. 37 funds bought stakes while 88 increased positions. They now own 58.07 million shares or 7.61% less from 62.85 million shares in 2016Q1.
Blackrock holds 0% or 54,908 shares in its portfolio. Picton Mahoney Asset reported 1,700 shares or 0.01% of all its holdings. Nationwide Fund Advsr reported 150,061 shares or 0.03% of all its holdings. Sit Invest Associate accumulated 37,925 shares or 0.05% of the stock. Shell Asset Management accumulated 39,782 shares or 0.05% of the stock. Cwm Limited Liability Co has 0% invested in the company for 2 shares. Citadel Advisors Lc accumulated 0% or 87,304 shares. Basswood Ltd Liability Company holds 0.5% of its portfolio in Emcor Group Inc (NYSE:EME) for 173,990 shares. Cantab Capital Partners Llp accumulated 0% or 23,267 shares. Manufacturers Life Ins The holds 0.02% of its portfolio in Emcor Group Inc (NYSE:EME) for 217,582 shares. Goldman Sachs Gp holds 0.03% or 1.74 million shares in its portfolio. Palo Capital holds 0.92% of its portfolio in Emcor Group Inc (NYSE:EME) for 54,342 shares. The California-based Tradewinds Global Invsts Limited Liability Co has invested 0.02% in Emcor Group Inc (NYSE:EME). Verity Asset Mngmt accumulated 0.21% or 4,249 shares. Stevens Cap Lp last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 4 insider sales for $1.11 million net activity. RYAN JERRY E also sold $343,721 worth of Emcor Group Inc (NYSE:EME) shares. Another trade for 5,851 shares valued at $323,267 was made by BROWN DAVID A B on Thursday, August 4. Mauricio Maxine Lum sold $78,097 worth of Emcor Group Inc (NYSE:EME) on Friday, August 5.
More notable recent Emcor Group Inc (NYSE:EME) news were published by: Businesswire.com which released: “EMCOR Group, Inc. Announces Agreement to Acquire Ardent Services and Rabalais …” on March 21, 2016, also Equitiesfocus.com with their article: “EMCOR Group, Inc. (NYSE:EME) Fixes Dividend Payout At $0.08” published on November 07, 2016, Businesswire.com published: “EMCOR Group, Inc. Reports Third Quarter Results” on October 27, 2016. More interesting news about Emcor Group Inc (NYSE:EME) were released by: Businesswire.com and their article: “EMCOR Group, Inc. Presented 3rd Chairman’s Award for Good Work Practice in …” published on May 11, 2016 as well as Businesswire.com‘s news article titled: “EMCOR Group, Inc. Announces New Expanded Credit Agreement” with publication date: August 03, 2016.
EME Company Profile
EMCOR Group, Inc. (EMCOR), incorporated on March 31, 1987, is an electrical and mechanical construction, and facilities services firm in the United States. The Firm provides a number of building services and industrial services. The Company’s divisions are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services. The Company’s services are provided to a range of commercial, industrial, utility and institutional clients through approximately 70 operating subsidiaries and joint venture entities. It specializes in providing construction services relating to electrical and mechanical systems in all types of non-residential and certain residential facilities and in providing various services relating to the operation, maintenance and management of facilities, including refineries and petrochemical plants.
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