Emerald Expositions Events (NYSE:EEX) PT Lowered to $14.00

Emerald Expositions Events (NYSE:EEX) had its target price lowered by equities research analysts at Robert W. Baird from $18.00 to $14.00 in a report issued on Friday, November 2nd. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 23.13% from the stock’s current price.

Several other analysts also recently commented on the stock. Citigroup downgraded shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 7th. Deutsche Bank initiated coverage on shares of Emerald Expositions Events in a research report on Monday, October 1st. They set a “hold” rating and a $18.00 price objective for the company. ValuEngine downgraded shares of Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded shares of Emerald Expositions Events from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Credit Suisse Group assumed coverage on shares of Emerald Expositions Events in a research report on Friday, August 10th. They issued a “neutral” rating and a $17.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.50.

Shares of EEX stock traded down $0.23 during trading hours on Friday, hitting $11.37. 416,893 shares of the company were exchanged, compared to its average volume of 282,833. The company has a market cap of $894.16 million, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.95 and a beta of 0.73. Emerald Expositions Events has a fifty-two week low of $11.13 and a fifty-two week high of $24.45. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.66.

Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $103.10 million during the quarter, compared to the consensus estimate of $104.32 million. Emerald Expositions Events had a net margin of 29.62% and a return on equity of 12.82%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. Analysts anticipate that Emerald Expositions Events will post 1.32 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Emerald Expositions Events by 22.2% in the 3rd quarter. BlackRock Inc. now owns 1,918,076 shares of the company’s stock valued at $31,610,000 after purchasing an additional 348,276 shares during the period. Bank of New York Mellon Corp grew its position in Emerald Expositions Events by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 270,756 shares of the company’s stock valued at $4,462,000 after purchasing an additional 6,764 shares during the period. Prudential Financial Inc. acquired a new stake in Emerald Expositions Events in the 3rd quarter valued at $299,000. Ceredex Value Advisors LLC acquired a new stake in Emerald Expositions Events in the 3rd quarter valued at $15,663,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Emerald Expositions Events in the 3rd quarter valued at $210,000. 36.01% of the stock is owned by institutional investors and hedge funds.

About Emerald Expositions Events

Emerald Expositions Events, Inc operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including gift, home and general merchandise; sports; design and construction; technology; jewelry; and others comprising photography, food, healthcare, industrials, and military.

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Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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