Maxim Group analyst Tate Sullivan maintained a Hold rating on Emcor Group (EME) today and set a price target of $68. The company’s shares closed yesterday at $68.11.
Sullivan wrote:
“EME’s diverse exposure to the U.S. nonresidential construction market across commercial buildings, hospitals, military facilities and factories, among others, and no customer concentration, can help EME continue to grow operating income, but probably at a lower rate of growth than in prior years, in our view.”
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 9.3% and a 83.9% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Tetra Tech, and Aegion.
Emcor Group has an analyst consensus of Hold, with a price target consensus of $68.
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The company has a one-year high of $82.04 and a one-year low of $57.29. Currently, Emcor Group has an average volume of 341.1K.
Based on the recent corporate insider activity of 94 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.
