Citigroup Reconfirms a “Buy” Rating on CSX (CSX) and $75 Target; Emcor Group (EME) Sentiment Is 0.95

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New York: In an analyst report issued to clients on 25 June, Citigroup reaffirmed their “Buy” rating on shares of CSX (NYSE:CSX). They currently have a $75 target price per share on the firm. Citigroup’s target suggests a potential upside of 15.78% from the company’s current price.

Emcor Group Inc (EME) investors sentiment decreased to 0.95 in 2018 Q1. It’s down -0.19, from 1.14 in 2017Q4. The ratio turned negative, as 125 active investment managers opened new or increased holdings, while 132 cut down and sold their stakes in Emcor Group Inc. The active investment managers in our database now hold: 52.59 million shares, down from 53.35 million shares in 2017Q4. Also, the number of active investment managers holding Emcor Group Inc in top ten holdings decreased from 2 to 1 for a decrease of 1. Sold All: 25 Reduced: 107 Increased: 89 New Position: 36.

Analysts await EMCOR Group, Inc. (NYSE:EME) to report earnings on July, 26. They expect $1.00 earnings per share, up 5.26% or $0.05 from last year’s $0.95 per share. EME’s profit will be $58.45 million for 19.51 P/E if the $1.00 EPS becomes a reality. After $0.94 actual earnings per share reported by EMCOR Group, Inc. for the previous quarter, Wall Street now forecasts 6.38% EPS growth.

Ratings analysis reveals 50% of EMCOR Group’s analysts are positive. Out of 2 Wall Street analysts rating EMCOR Group, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. EME was included in 2 notes of analysts from October 28, 2016. The stock of EMCOR Group, Inc. (NYSE:EME) has “Buy” rating given on Friday, October 28 by Stifel Nicolaus. The rating was initiated by Macquarie Research on Friday, January 13 with “Neutral”.

The stock decreased 0.15% or $0.12 during the last trading session, reaching $78.03. About 405,044 shares traded or 13.98% up from the average. EMCOR Group, Inc. (EME) has risen 19.45% since June 25, 2017 and is uptrending. It has outperformed by 6.88% the S&P500. Some Historical EME News: 16/05/2018 – Emcor Closes Above 200-Day Moving Average: Technicals; 26/04/2018 – EMCOR 1Q Net $55.7M; 26/04/2018 – EMCOR 1Q EPS CONT OPS 94C; 26/04/2018 – EMCOR Sees FY18 Rev $7.6B-$7.7B; 26/04/2018 – EMCOR GROUP – MAINTAINS ITS FY18 REVENUE GUIDANCE OF $7.6 BLN TO $7.7 BLN AND FY18 DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS GUIDANCE OF $4.10 TO $4.70; 20/04/2018 – DJ EMCOR Group Inc, Inst Holders, 1Q 2018 (EME); 09/05/2018 – CEO Guzzi Gifts 425 Of EMCOR Group Inc; 05/04/2018 – Emcor Closes Above 50-Day Moving Average: Technicals; 20/03/2018 – CFO Pompa Gifts 600 Of EMCOR Group Inc; 26/04/2018 – EMCOR 1Q ADJ EPS CONT OPS 94C, EST. 86C

Another recent and important EMCOR Group, Inc. (NYSE:EME) news was published by Businesswire.com which published an article titled: “Anthony J. Guzzi Elected Chairman of the Board of Directors of Emcor Group, Inc.” on June 05, 2018.

Corbyn Investment Management Inc Md holds 5.24% of its portfolio in EMCOR Group, Inc. for 196,475 shares. Kirr Marbach & Co Llc In owns 201,986 shares or 3.3% of their US portfolio. Moreover, S&T Bank Pa has 1.91% invested in the company for 137,686 shares. The Washington-based Saturna Capital Corp has invested 1.69% in the stock. Phocas Financial Corp., a California-based fund reported 116,587 shares.

EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services in the United States. The company has market cap of $4.56 billion. The firm designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; central plant heating and cooling systems; cranes and rigging; millwrighting; and steel fabrication, erection, and welding. It has a 20.11 P/E ratio. It also offers building services to facilities, such as commercial and government site activities and maintenance; reception, security, and catering; outage services to utilities and industrial plants; military base activities support; mobile mechanical maintenance and services; floor care and janitorial; landscaping, lot sweeping, and snow removal; facilities and vendor management; call center; installation and support for building systems; technical consulting and diagnostics; small modification and retrofit; infrastructure and building projects; and program development, management, and maintenance services for energy systems.

Since May 2, 2018, it had 1 buy, and 0 selling transactions for $299,550 activity. $299,550 worth of CSX Corporation (NASDAQ:CSX) was bought by FOOTE JAMES M on Wednesday, May 2.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Nasdaq.com which released: “CSX Solicits Bids on Six Additional Rail Segments” on June 06, 2018, also Nasdaq.com with their article: “CSX Names James Schwichtenberg Chief Safety Officer” published on May 30, 2018, Nasdaq.com published: “CSX Recognizes 64 Customers with Chemical Safety Excellence Award” on May 29, 2018. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Nasdaq.com and their article: “CSX Corporation Chief Financial Officer to Address UBS Global Industrials and Transportation Conference” published on June 02, 2018 as well as Bizjournals.com‘s news article titled: “CSX train derails, catches fire in Indiana” with publication date: June 18, 2018.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on July, 17. They expect $0.84 earnings per share, up 31.25% or $0.20 from last year’s $0.64 per share. CSX’s profit will be $735.29M for 19.28 P/E if the $0.84 EPS becomes a reality. After $0.78 actual earnings per share reported by CSX Corporation for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Among 31 analysts covering CSX Corporation (NYSE:CSX), 20 have Buy rating, 2 Sell and 9 Hold. Therefore 65% are positive. CSX Corporation has $79 highest and $18 lowest target. $59.29’s average target is -8.47% below currents $64.78 stock price. CSX Corporation had 123 analyst reports since August 13, 2015 according to SRatingsIntel. The stock has “Hold” rating by Scotia Capital on Friday, March 2. The firm earned “Buy” rating on Friday, March 2 by UBS. The company was maintained on Friday, August 11 by RBC Capital Markets. The firm has “Sector Outperform” rating given on Thursday, January 19 by Scotia Capital. On Thursday, January 14 the stock rating was maintained by Cowen & Co with “Market Perform”. Seaport Global Securities initiated CSX Corporation (NASDAQ:CSX) on Wednesday, October 19 with “Neutral” rating. RBC Capital Markets maintained it with “Outperform” rating and $27 target in Thursday, January 14 report. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, April 18. The firm has “Sector Perform” rating by Scotia Capital given on Friday, January 12. As per Friday, February 12, the company rating was downgraded by Avondale.

CSX Corporation, together with its subsidiaries, provides rail transportation services in the United States and Canada. The company has market cap of $56.71 billion. The firm offers rail services, as well as transports intermodal containers and trailers. It has a 10.09 P/E ratio. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

EMCOR Group, Inc. (NYSE:EME) Institutional Positions Chart