Emerald Expositions Events (NYSE:EEX) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group upgraded Emerald Expositions Events from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $20.30 to $15.00 in a research report on Tuesday, November 6th. Deutsche Bank started coverage on Emerald Expositions Events in a research report on Monday, October 1st. They issued a “hold” rating and a $18.00 price objective on the stock. Credit Suisse Group started coverage on Emerald Expositions Events in a research report on Friday, August 10th. They issued a “neutral” rating and a $17.00 price objective on the stock. Citigroup downgraded Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 7th. Finally, Robert W. Baird lowered their price objective on Emerald Expositions Events from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.50.

NYSE:EEX opened at $11.55 on Monday. The firm has a market cap of $845.51 million, a price-to-earnings ratio of 10.41, a P/E/G ratio of 0.89 and a beta of 0.73. Emerald Expositions Events has a 1 year low of $10.90 and a 1 year high of $24.45. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.64.

Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. Emerald Expositions Events had a return on equity of 12.68% and a net margin of 29.62%. The company had revenue of $103.10 million for the quarter, compared to the consensus estimate of $104.32 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Emerald Expositions Events will post 1.32 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EEX. Ceredex Value Advisors LLC bought a new position in Emerald Expositions Events in the third quarter valued at $15,663,000. Burgundy Asset Management Ltd. bought a new position in Emerald Expositions Events in the third quarter valued at $9,917,000. BlackRock Inc. increased its stake in Emerald Expositions Events by 59.9% in the second quarter. BlackRock Inc. now owns 1,569,800 shares of the company’s stock valued at $32,337,000 after acquiring an additional 588,115 shares during the last quarter. WCM Investment Management CA bought a new position in Emerald Expositions Events in the third quarter valued at $7,241,000. Finally, Dimensional Fund Advisors LP increased its stake in Emerald Expositions Events by 94.1% in the third quarter. Dimensional Fund Advisors LP now owns 508,601 shares of the company’s stock valued at $8,382,000 after acquiring an additional 246,507 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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 comprising photography, food, healthcare, industrials, and military.

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Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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