Stock Rating Upgrade
During the last several trading days the Value Trend Rating for EMCOR Group Inc. (NYSE: EME) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
EMCOR Group Inc. (NYSE: EME) stock declined by -2.2% on 4/19/24. The shares closed at $328.63. Moreover, trading volume in this decline was above average at 140% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EME is expected to continue to be a major Value Builder.
EMCOR Group has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. EMCOR Group has a poor Appreciation Score of 27 but a very high Power Rating of 100, with the Positive Value Trend Rating the result.
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