Analysts fell to the sidelines weighing in on Emcor Group (EME) and Chesapeake Energy (CHK) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Emcor Group (EME)
In a report released today, Tate Sullivan from Maxim Group maintained a Hold rating on Emcor Group, with a price target of $73. The company’s shares closed yesterday at $71.35.
Sullivan noted:
“After most construction contractors reported backlog growth in the recent quarter, we increase our 2019 EPS estimate to $5.32 (from $5.07), 2020 EPS to $5.53 (from $5.21) and our price target to $73 from $68.”
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 7.2% and a 75.7% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Tetra Tech, and Aegion.
Currently, the analyst consensus on Emcor Group is a Hold with an average price target of $73.
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Chesapeake Energy (CHK)
Citigroup analyst Robert S Morris maintained a Hold rating on Chesapeake Energy today and set a price target of $3.50. The company’s shares closed yesterday at $3.14.
According to TipRanks.com, Morris is a 4-star analyst with an average return of 7.3% and a 56.1% success rate. Morris covers the Basic Materials sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Cabot Oil & Gas.
Chesapeake Energy has an analyst consensus of Moderate Sell, with a price target consensus of $2.97, a -5.4% downside from current levels. In a report issued on February 27, SunTrust Robinson also reiterated a Hold rating on the stock with a $3 price target.
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