EMCOR Group stock price target raised to $800 from $725 at DA Davidson

Investing.com - DA Davidson has raised its price target on EMCOR Group (NYSE:EME) to $800.00 from $725.00 while maintaining a Buy rating on the stock. The new target represents a potential 19.6% upside from the current price of $668.83, which has fallen 13.4% over the past week according to InvestingPro data.

The price target increase comes despite EMCOR’s third-quarter results falling short of elevated market expectations, according to the research firm’s analysis on Friday. This comes as EMCOR maintains a PEG ratio of 0.74, indicating the stock is trading at a low P/E ratio relative to its near-term earnings growth.

DA Davidson noted that "selective project noise" in the Electrical segment and mix issues in the Mechanical segment contributed to short-term disparities in performance.

Despite these challenges, the firm highlighted that EMCOR’s remaining performance obligations (RPOs) continued to grow, and the fundamental business backdrop remains unchanged.

DA Davidson views the recent pullback in EMCOR shares as an interesting opportunity, citing the company’s value to data center customers nationally, its large inside electrical workforce, and continued impressive returns and cash generation that brings value to shareholders. Indeed, EMCOR has delivered a 43.04% year-to-date return despite the recent pullback. Investors seeking deeper insights into EMCOR’s valuation and growth prospects can access the comprehensive Pro Research Report, available exclusively through InvestingPro, which covers this and over 1,400 other US equities with expert analysis and actionable intelligence.

In other recent news, EMCOR Group announced its third-quarter 2025 earnings, reporting a slight beat on expectations. The company posted an earnings per share (EPS) of $6.57, slightly above the forecasted $6.54. Revenue also exceeded predictions, reaching $4.3 billion compared to the anticipated $4.28 billion. Despite these positive results, EMCOR’s stock experienced a sharp decline, although the reasons for this drop were not immediately clear from the earnings release. Investors are advised to note these developments as they consider their positions. The earnings beat suggests operational strength, while the revenue increase points to effective business strategies. However, the market reaction may indicate underlying concerns that merit further investigation.

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