In a report released today, Tate Sullivan from Maxim Group maintained a Hold rating on Emcor Group (EME), with a price target of $73. The company’s shares closed yesterday at $80.70, close to its 52-week high of $81.62.
Sullivan said:
“Ahead of EME’s earnings report on Tuesday, April 30, we maintain our 1Q19 forecast for 19% year-over-year EPS growth based on 6% revenue growth, a 400bp increase in operating margin, an 8% decline in interest expense and a 3% decrease in shares from repurchases.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 3.4% and a 62.0% 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 $73.
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Emcor Group’s market cap is currently $4.52B and has a P/E ratio of 16.60. The company has a Price to Book ratio of 2.60.
Based on the recent corporate insider activity of 102 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.
