EMCOR Group (NYSE:EME) Lowered to “Buy” Rating by StockNews.com

EMCOR Group (NYSE:EME) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Several other analysts have also commented on the stock. The Goldman Sachs Group began 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. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Performance

EME stock opened at $446.25 on Wednesday. The firm has a market cap of $20.53 billion, a PE ratio of 22.66 and a beta of 1.11. The firm’s 50 day moving average price is $476.79 and its 200-day moving average price is $443.64. EMCOR Group has a one year low of $238.94 and a one year high of $545.29.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors have recently modified their holdings of EME. CWM LLC grew its stake in shares of EMCOR Group by 87.9% in the third quarter. CWM LLC now owns 4,243 shares of the construction company’s stock worth $1,827,000 after acquiring an additional 1,985 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of EMCOR Group by 104.9% during the third quarter. Exchange Traded Concepts LLC now owns 1,127 shares of the construction company’s stock worth $485,000 after purchasing an additional 577 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of EMCOR Group during the third quarter worth $33,000. Creative Planning grew its stake in shares of EMCOR Group by 5.3% during the third quarter. Creative Planning now owns 9,939 shares of the construction company’s stock worth $4,279,000 after purchasing an additional 504 shares in the last quarter. Finally, Swedbank AB grew its stake in shares of EMCOR Group by 27.7% during the third quarter. Swedbank AB now owns 30,727 shares of the construction company’s stock worth $13,229,000 after purchasing an additional 6,664 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Company Profile

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.