Emerald Expositions Events Inc (EEX) Receives a Sell from Barclays


Barclays analyst Manav Patnaik maintained a Sell rating on Emerald Expositions Events Inc (EEX) on February 15 and set a price target of $12. The company’s shares opened today at $13.14.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 10.5% and a 69.2% success rate. Patnaik covers the Services sector, focusing on stocks such as Thomson Reuters Corp, Factset Research, and ARAMARK Holdings.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Emerald Expositions Events Inc with a $12.50 average price target.

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Based on Emerald Expositions Events Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $57 million and GAAP net loss of $90 million. In comparison, last year the company had a net profit of $40.3 million.

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Emerald Expositions Events, Inc. engages in the operation of business-to-business (B2B) trade shows. It currently operates more than 55 trade shows as well as various face-to-face events. The company was founded in 2013 and is headquartered in San Juan Capistrano, CA.

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