Emerald Expositions Events, Inc. (EEX) Coverage Initiated by Analysts at Bank of America Corporation

Bank of America Corporation assumed coverage on shares of Emerald Expositions Events, Inc. (NYSE:EEX) in a research report released on Tuesday, May 23rd, Marketbeat Ratings reports. The firm issued a buy rating and a $25.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG initiated coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a buy rating and a $25.00 price target on the stock. Credit Suisse Group initiated coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a neutral rating and a $24.00 price target on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a neutral rating and a $23.20 price target on the stock. Robert W. Baird initiated coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a neutral rating and a $23.00 price target on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued an outperform rating and a $25.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $24.28.

Shares of Emerald Expositions Events (EEX) traded up 1.70% during mid-day trading on Tuesday, hitting $22.15. The stock had a trading volume of 733,273 shares. The firm has a market cap of $1.60 billion and a P/E ratio of 64.20. Emerald Expositions Events has a 12-month low of $18.67 and a 12-month high of $23.37. The company has a 50 day moving average price of $21.18 and a 200 day moving average price of $21.18.

Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.15. The company had revenue of $135.65 million for the quarter, compared to the consensus estimate of $135.72 million. Equities analysts forecast that Emerald Expositions Events will post $1.07 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2017/06/16/emerald-expositions-events-inc-eex-coverage-initiated-at-bank-of-america-corp-updated-updated.html.

The company also recently disclosed a special dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 5th.

In other news, Director Kosty Gilis sold 2,155 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $17.00, for a total transaction of $36,635.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Corp Onex sold 7,491,667 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $17.00, for a total value of $127,358,339.00. The disclosure for this sale can be found here.

About Emerald Expositions Events

Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.

Receive News & Ratings for Emerald Expositions Events Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply