EMCOR Group ( (EME) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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EMCOR Group’s stock is on the rise following its announcement to acquire Miller Electric for $865 million, aiming to strengthen its foothold in the Southeastern U.S. electrical construction market. The acquisition is expected to add significant revenue and EBITDA for EMCOR in the coming years, with a positive impact on earnings per share by 2025. While some analysts are optimistic about the growth potential, others remain cautious due to challenging market conditions, leading to mixed adjustments in stock price targets.
More about EMCOR Group
YTD Price Performance: 2.22%
Average Trading Volume: 389,645
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $21.48B
For further insights into EME stock on TipRanks’ Stock Analysis page.
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