EMCOR Group Inc. (NYSE: EME) stock closed at $305.45 on 2/28/24 after a major increase of 10.1%. Moreover, trading volume in this advance was exceptionally high at 300% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 21.6% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. EMCOR Group has a poor Appreciation Score of 29 but a very high Power Rating of 95, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment