Stock Mover of the Day: Could Emcor Group Inc Change Direction After Making 52-Week High?

Stock Mover of the Day: Could Emcor Group Inc Change Direction After Making 52 Week High?

The stock of Emcor Group Inc (NYSE:EME) hit a new 52-week high and has $106.44 target or 51.00% above today’s $70.49 share price. The 5 months bullish chart indicates low risk for the $4.30B company. The 1-year high was reported on Nov, 17 by If the $106.44 price target is reached, the company will be worth $2.19 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 268,594 shares traded hands. Emcor Group Inc (NYSE:EME) has risen 45.38% since April 15, 2016 and is uptrending. It has outperformed by 40.75% the S&P500.

Emcor Group Inc (NYSE:EME) Ratings Coverage

Out of 3 analysts covering EMCOR Group (NYSE:EME), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $70 is the highest target while $54 is the lowest. The $62 average target is -12.04% below today’s ($70.49) stock price. EMCOR Group has been the topic of 6 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, July 19. As per Monday, May 2, the company rating was maintained by Stifel Nicolaus. The company was reinitiated on Tuesday, January 5 by Stifel Nicolaus. The rating was downgraded by DA Davidson on Friday, February 26 to “Neutral”. Stifel Nicolaus maintained the shares of EME in a report on Friday, October 28 with “Buy” rating.

According to Zacks Investment Research, “EMCOR GROUP, INC. conducts its business through subsidiaries, specializes in the design, integration, installation, start-up, testing, operation and maintenance of complex mechanical and electrical systems. In addition, certain of its subsidiaries operate and maintain mechanical and/or electrical systems for customers under contracts and provide other services to customers, at the customer’s facilities, which services are commonly referred to as facilities management.”

Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.02, from 1.19 in 2016Q1. The ratio turned negative, as 16 funds sold all Emcor Group Inc shares owned while 91 reduced positions. 37 funds bought stakes while 88 increased positions. They now own 58.07 million shares or 7.61% less from 62.85 million shares in 2016Q1.
Cantab Prtn Llp has 23,267 shares for 0% of their US portfolio. Jacobs Levy Equity has 101,951 shares for 0.1% of their US portfolio. Weaver C Barksdale And Assocs Inc last reported 0.03% of its portfolio in the stock. Numeric Investors Limited Liability owns 271,418 shares or 0.12% of their US portfolio. Moreover, Ameriprise Financial Incorporated has 0.03% invested in Emcor Group Inc (NYSE:EME) for 1.12M shares. Emerald Advisers Incorporated Pa accumulated 18,992 shares or 0.05% of the stock. Teachers Retirement Systems Of The State Of Kentucky accumulated 21,600 shares or 0.01% of the stock. Hahn Mngmt Limited Liability reported 332,757 shares or 0% of all its holdings. Voya Inv Mgmt Limited Com has invested 0% of its portfolio in Emcor Group Inc (NYSE:EME). Fdx Advsr Inc last reported 0.03% of its portfolio in the stock. Fmr Limited Liability Corp accumulated 2.82 million shares or 0.02% of the stock. Ridgeworth Cap Limited Liability Com has 0.34% invested in the company for 776,934 shares. Citadel Advisors Limited Liability accumulated 0% or 87,304 shares. Wells Fargo & Co Mn has 1.97M shares for 0.04% of their US portfolio. Legal And General Public Limited Com last reported 48,162 shares in the company.

Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 5 insider sales for $2.01 million net activity. The insider RYAN JERRY E sold $360,000. BROWN DAVID A B had sold 5,851 shares worth $323,267. On Friday, August 5 the insider Mauricio Maxine Lum sold $78,097. 13,725 shares were sold by YONKER MICHAEL T, worth $905,042 on Wednesday, November 9.

More news for Emcor Group Inc (NYSE:EME) were recently published by:, which released: “EMCOR Group, Inc. Reports Third Quarter Results” on October 27, 2016.‘s article titled: “EMCOR Group, Inc. Presented 3rd Chairman’s Award for Good Work Practice in …” and published on May 11, 2016 is yet another important article.

EME Company Profile

EMCOR Group, Inc. (EMCOR), incorporated on March 31, 1987, is an electrical and mechanical construction, and facilities services firm in the United States. The Firm provides a number of building services and industrial services. The Company’s divisions are United 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 Company’s services are provided to a range of commercial, industrial, utility and institutional clients through approximately 70 operating subsidiaries and joint venture entities. It specializes in providing construction services relating to electrical and mechanical systems in all types of non-residential and certain residential facilities and in providing various services relating to the operation, maintenance and management of facilities, including refineries and petrochemical plants.

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