EMCOR Group, Inc. (NYSE:EME) Stock Has Average Price Target of $965.86 According to Brokerages

EMCOR Group, Inc. (NYSE:EME) has earned an average rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $965.86.

A number of research firms recently weighed in on EME. UBS Group upped their price target on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings cut EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Oppenheimer upped their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald dropped their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th.

Hedge Funds Weigh In On EMCOR Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ascentis Independent Advisors purchased a new stake in shares of EMCOR Group during the first quarter worth $27,000. NBH Bank acquired a new position in shares of EMCOR Group during the 2nd quarter worth approximately $27,000. Basecamp Wealth Advisors LLC boosted its holdings in shares of EMCOR Group by 4,700.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after purchasing an additional 47 shares during the last quarter. Clearstead Trust LLC acquired a new position in EMCOR Group during the second quarter worth $38,000. Finally, Orion Capital Management LLC acquired a new position in EMCOR Group during the second quarter worth $39,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 0.8%

EMCOR Group stock opened at $780.54 on Thursday. EMCOR Group has a 12 month low of $564.92 and a 12 month high of $951.96. The stock’s 50 day simple moving average is $773.05 and its two-hundred day simple moving average is $800.65. The firm has a market cap of $34.43 billion, a PE ratio of 24.28 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the company earned $6.72 EPS. The business’s revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, equities research analysts forecast that EMCOR Group will post 32.98 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, October 15th. EMCOR Group’s payout ratio is 4.98%.

EMCOR Group Company Profile

EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.

Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.