Emcor Group (EME) received a Hold rating and a $68 price target from Maxim Group analyst Tate Sullivan today. The company’s shares opened today at $64.81, close to its 52-week low of $63.81.
Sullivan observed:
“Although EME can work on more government projects in a U.S. recession, we believe EME’s stock price may struggle to achieve meaningful upside as the stock market prices in the end of the current streak of impressive macroeconomic growth.”
Sullivan has an average return of 33.2% when recommending Emcor Group.
According to TipRanks.com, Sullivan is ranked #3263 out of 5108 analysts.
Emcor Group has an analyst consensus of Moderate Buy, with a price target consensus of $75.50.
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Based on Emcor Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $79.37 million. In comparison, last year the company had a net profit of $64.6 million.
Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock.
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EMCOR Group, Inc. engages in the provision of electrical and mechanical construction and facilities services. It operates through the following segments: Unites 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. The Unites States Electrical Construction and Facilities Services segment offers systems for electrical power transmission and distribution. The United States Mechanical Construction and Facilities Services segment involves systems for heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation. The United States Building Services segment consist of those operations which provide a portfolio of services needed to support the operation and maintenance of customers’ facilities. The United States Industrial Services segment covers operations which provide industrial maintenance and services. The United Kingdom Building Services comprises of commercial and government site-based operations and maintenance; and facility maintenance and services. The company was founded in 1987 and is headquartered in Norwalk, CT.
