Emcor Group Inc (EME) is Initiated by Sidoti to Buy, Price Target at $65

Emcor Group Inc (EME) was Initiated by Sidoti to “Buy” and the brokerage firm has set the Price Target at $65. Sidoti advised their investors in a research report released on Jun 21, 2016.

Many Wall Street Analysts have commented on Emcor Group Inc. Company shares were Reiterated by Stifel on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .

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 opened for trading at $47.46 and hit $47.51 on the upside on Monday, eventually ending the session at $47.1, with a gain of 0.53% or 0.25 points. The heightened volatility saw the trading volume jump to 2,16,324 shares. Company has a market cap of $2,859 M.

In a different news, on May 3, 2016, Jerry E Ryan (director) sold 6,382 shares at $48.69 per share price. According to the SEC, on Dec 7, 2015, R Kevin Matz (EVP – Shared Services) sold 16,149 shares at $51.85 per share price. On Nov 12, 2015, Michael T Yonker (director) sold 20,000 shares at $49.47 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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