Emcor Group Inc (EME) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 57 from a previous price target of $54 . Stifel advised their investors in a research report released on May 2, 2016.
Many Wall Street Analysts have commented on Emcor Group Inc. Shares were Downgraded by DA Davidson on Feb 26, 2016 to ” Neutral” and Lowered the Price Target to $ 50 from a previous price target of $52 .
On the company’s financial health, Emcor Group Inc reported $0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.58. The company had revenue of $1744.97 million for the quarter, compared to analysts expectations of $1644.01 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Emcor Group Inc closed down -0.03 points or -0.06% at $48.37 with 3,43,098 shares getting traded on Wednesday. Post opening the session at $48.53, the shares hit an intraday low of $48.07 and an intraday high of $48.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 7, 2015, R Kevin Matz (EVP – Shared Services) sold 16,149 shares at $51.85 per share price. According to the SEC, on Nov 12, 2015, Michael T Yonker (director) sold 20,000 shares at $49.47 per share price. On Nov 4, 2015, Richard F Jr Hamm (director) sold 9,201 shares at $49.35 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.