Emerald Expositions Events (NYSE:EEX) Lifted to Buy at Zacks Investment Research

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Emerald Expositions Events (NYSE:EEX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The brokerage presently has a $10.00 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 6.84% from the company’s current price.

According to Zacks, “Emerald Expositions Events, Inc. organizes business to business trade shows. The Company operates live events as well as offers other marketing services, including digital media and print publications. It serves sports, technology, jewelry, construction and other sectors primarily in the United States. Emerald Expositions Events, Inc. is headquartered in San Juan Capistrano, California. “

EEX has been the topic of several other research reports. Deutsche Bank reduced their price target on shares of Emerald Expositions Events from $11.50 to $9.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. ValuEngine upgraded shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $10.70.

Emerald Expositions Events stock traded down $0.01 during trading hours on Friday, hitting $9.36. The company had a trading volume of 199,900 shares, compared to its average volume of 90,391. The firm has a market cap of $667.36 million, a PE ratio of -13.18 and a beta of 0.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.50 and a quick ratio of 0.50. Emerald Expositions Events has a one year low of $8.97 and a one year high of $14.37. The firm has a 50-day moving average of $10.37 and a 200 day moving average of $10.01.

Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). The business had revenue of $44.90 million for the quarter, compared to analyst estimates of $45.14 million. Emerald Expositions Events had a negative net margin of 13.85% and a positive return on equity of 8.80%. The business’s quarterly revenue was down 21.2% compared to the same quarter last year. As a group, research analysts expect that Emerald Expositions Events will post 0.81 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. WCM Investment Management LLC boosted its position in Emerald Expositions Events by 20.8% in the fourth quarter. WCM Investment Management LLC now owns 1,057,044 shares of the company’s stock valued at $11,152,000 after buying an additional 181,876 shares in the last quarter. State Street Corp boosted its position in Emerald Expositions Events by 2.3% in the fourth quarter. State Street Corp now owns 595,165 shares of the company’s stock valued at $6,279,000 after buying an additional 13,188 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Emerald Expositions Events by 94.5% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 512,610 shares of the company’s stock valued at $5,408,000 after buying an additional 249,090 shares in the last quarter. Select Equity Group L.P. boosted its position in Emerald Expositions Events by 371.4% in the third quarter. Select Equity Group L.P. now owns 359,896 shares of the company’s stock valued at $3,502,000 after buying an additional 283,548 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Emerald Expositions Events by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 353,166 shares of the company’s stock valued at $3,725,000 after buying an additional 30,312 shares in the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Emerald Expositions Events Company Profile

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, such as photography, food, healthcare, industrials, and military.

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