Emcor Group Inc (EME) is Reiterated by FBR Capital to Mkt Perform, Raises Price Target to $ 62

Emcor Group Inc (EME) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 62 from a previous price target of $52 . FBR Capital advised their investors in a research report released on Aug 16, 2016.

Many Wall Street Analysts have commented on Emcor Group Inc. Emcor Group Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 19, 2016. Sidoti Initiated Emcor Group Inc on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $65.

On the company’s financial health, Emcor Group Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.72. The company had revenue of $1930.00 million for the quarter, compared to analysts expectations of $1751.33 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Emcor Group Inc opened for trading at $56.77 and hit $57.39 on the upside on Monday, eventually ending the session at $57.28, with a gain of 0.88% or 0.5 points. The heightened volatility saw the trading volume jump to 1,81,062 shares. Company has a market cap of $3,483 M.

In a different news, on Aug 5, 2016, Maxine Lum Mauricio (SVP and General Counsel) sold 1,386 shares at $56.35 per share price. According to the SEC, on Aug 5, 2016, David A B Brown (director) sold 5,851 shares at $55.31 per share price. On Aug 3, 2016, Jerry E Ryan (director) sold 6,202 shares at $55.42 per share price, according to the Form-4 filing with the securities and exchange commission.

EMCOR Group Inc. (EMCOR) is an electrical and mechanical construction and facilities services firm in the United States. The Company provides a number of building services and industrial services. Its services are provided to a range of commercial industrial utility and institutional customers 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. The Company operates in segments: 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.

Emcor Group Inc

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