Short Term Price Target on EMCOR Group (EME)

EMCOR Group (NYSE:EME) : 5 investment research analysts covering EMCOR Group (NYSE:EME) have an average price target of $54.6 for the near short term. The highest target price given by the Brokerage Firm to the stock is $57 and the lowest target is $52 for the short term. Analysts expect the variance to be within $2.3 of the average price.

EMCOR Group Inc. has dropped 0.2% in the last five trading days, however, the shares have posted positive gains of 3.64% in the last 4 weeks. EMCOR Group Inc. is up 1.44% in the last 3-month period. Year-to-Date the stock performance stands at 2.9%.

EMCOR Group (NYSE:EME) : 3 brokerage houses believe that EMCOR Group (NYSE:EME) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EMCOR Group (NYSE:EME). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.

EMCOR Group (NYSE:EME): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.27 and $48.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.26, notching a gain of 2.05% for the day. The total traded volume was 9,647,578 . The stock had closed at $48.27 on the previous day.

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.

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