Alert: Positive Investment/Fundamental Signals (12/1/23)-EMCOR Group Inc. (NYSE: EME)


Significant positive changes in investment behavior have recently occurred for EMCOR Group Inc. (NYSE: EME): its shorter term price trend turned up.

EMCOR Group Inc. (NYSE: EME). Important positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

EME is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

EMCOR Group has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. EMCOR Group has a slightly negative Appreciation Score of 36 but a very high Power Rating of 100, leading to the Positive Value Trend Rating.

Recent Price Action

On 12/1/23, EMCOR Group Inc. (NYSE: EME) stock rose modestly by 0.8%, closing at $214.32. However, this advance was accompanied by below average trading volume at 75% of normal. The stock has declined -0.9% during the last week but has been exceptionally strong relative to the market over the last nine months.

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