The stock of Emcor Group Inc (NYSE:EME) hit a new 52-week high and has $77.37 target or 8.00% above today’s $71.64 share price. The 8 months bullish chart indicates low risk for the $4.41 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $77.37 price target is reached, the company will be worth $352.80 million 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 70,586 shares traded hands. Emcor Group Inc (NYSE:EME) has risen 45.71% since April 22, 2016 and is uptrending. It has outperformed by 40.30% the S&P500.
Analysts await Emcor Group Inc (NYSE:EME) to report earnings on February, 23. They expect $0.83 EPS, up 3.75% or $0.03 from last year’s $0.8 per share. EME’s profit will be $51.09M for 21.58 P/E if the $0.83 EPS becomes a reality. After $0.85 actual EPS reported by Emcor Group Inc for the previous quarter, Wall Street now forecasts -2.35% negative EPS growth.
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. The stock of Emcor Group Inc (NYSE:EME) has “Buy” rating given on Friday, October 28 by Stifel Nicolaus. DA Davidson downgraded the stock to “Neutral” rating in Friday, February 26 report. The stock of Emcor Group Inc (NYSE:EME) earned “Buy” rating by Stifel Nicolaus on Monday, May 2. Stifel Nicolaus reinitiated the shares of EME in a report on Tuesday, January 5 with “Buy” rating. The rating was downgraded by KeyBanc Capital Markets on Tuesday, July 19 to “Sector Weight”.
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 1.03 in 2016 Q2. Its down 0.14, from 1.17 in 2016Q1. The ratio worsened, 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.
Ladenburg Thalmann last reported 9,695 shares in the company. Moreover, Teacher Retirement Systems Of Texas has 0% invested in Emcor Group Inc (NYSE:EME) for 9,421 shares. Smith Asset Management Grp Incorporated L P has invested 0% of its portfolio in Emcor Group Inc (NYSE:EME). The New York-based Bnp Paribas Arbitrage has invested 0.01% in Emcor Group Inc (NYSE:EME). First Citizens Natl Bank Trust holds 0.05% or 10,418 shares in its portfolio. Bessemer Group owns 3,227 shares or 0% of their US portfolio. Calvert Inv owns 92,261 shares or 0.24% of their US portfolio. D E Shaw Commerce Incorporated accumulated 0.02% or 174,506 shares. Capstone Investment Advsr Limited Company holds 17,766 shares or 0.02% of its portfolio. Ls Invest Advsr Ltd Liability Corporation last reported 3,706 shares in the company. Tygh Cap, a Oregon-based fund reported 121,156 shares. Profund Limited Liability Company holds 14,078 shares or 0.03% of its portfolio. Prudential Financial has invested 0.04% of its portfolio in Emcor Group Inc (NYSE:EME). Moreover, Rdl has 0.21% invested in Emcor Group Inc (NYSE:EME) for 5,740 shares. California State Teachers Retirement System owns 127,261 shares or 0.01% of their US portfolio.
Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 5 selling transactions for $2.01 million net activity. On Friday, August 5 the insider Mauricio Maxine Lum sold $78,097. Another trade for 6,000 shares valued at $360,000 was sold by RYAN JERRY E. YONKER MICHAEL T sold $905,042 worth of stock or 13,725 shares. 5,851 shares were sold by BROWN DAVID A B, worth $323,267 on Thursday, August 4.
More news for Emcor Group Inc (NYSE:EME) were recently published by: Businesswire.com, which released: “EMCOR Group, Inc. Reports Third Quarter Results” on October 27, 2016. Businesswire.com‘s article titled: “EMCOR Group, Inc. Presented 3rd Chairman’s Award for Good Work Practice in …” and published on May 11, 2016 is yet another important article.
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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