Stifel Nicolaus Has Lowered Expectations for EMCOR Group (NYSE:EME) Stock Price

EMCOR Group (NYSE:EME) had its price target decreased by stock analysts at Stifel Nicolaus from $600.00 to $514.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 25.88% from the company’s previous close.

EME has been the subject of a number of other reports. Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $497.25.

EMCOR Group Stock Up 1.4 %

NYSE EME opened at $408.33 on Thursday. The firm’s 50 day moving average is $459.53 and its 200-day moving average is $448.17. The company has a market capitalization of $18.78 billion, a PE ratio of 20.74 and a beta of 1.11. EMCOR Group has a 12-month low of $305.89 and a 12-month high of $545.29.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping the consensus estimate of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.81 billion. As a group, sell-side analysts expect that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group announced that its board has authorized a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On EMCOR Group

Several hedge funds have recently added to or reduced their stakes in the business. Park Square Financial Group LLC bought a new position in shares of EMCOR Group in the fourth quarter valued at about $48,000. Total Wealth Planning & Management Inc. acquired a new position in EMCOR Group in the 4th quarter valued at about $217,000. Menard Financial Group LLC raised its holdings in EMCOR Group by 21.2% in the 4th quarter. Menard Financial Group LLC now owns 2,528 shares of the construction company’s stock valued at $1,147,000 after acquiring an additional 442 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in EMCOR Group during the fourth quarter worth approximately $19,607,000. Finally, Baer Investment Advisory LLC acquired a new stake in EMCOR Group during the fourth quarter worth approximately $3,533,000. 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.