Royal Bank of Canada started coverage on shares of Emerald Expositions Events (NYSE:EEX) in a report issued on Monday, The Fly reports. The firm set a “sector perform” rating on the stock.

EEX has been the subject of a number of other research reports. Bank of America downgraded Emerald Expositions Events from a “buy” rating to a “neutral” rating in a report on Thursday, November 1st. Goldman Sachs Group upgraded Emerald Expositions Events from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $20.30 to $15.00 in a report on Tuesday, November 6th. Citigroup downgraded Emerald Expositions Events from a “buy” rating to a “neutral” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded Emerald Expositions Events from a “hold” rating to a “sell” rating in a report on Monday, November 5th. Finally, Robert W. Baird decreased their price objective on Emerald Expositions Events from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.86.

Shares of Emerald Expositions Events stock traded down $0.61 during midday trading on Monday, reaching $10.94. 330,535 shares of the company’s stock traded hands, compared to its average volume of 202,622. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.64. The company has a market cap of $845.51 million, a PE ratio of 9.86, a P/E/G ratio of 0.89 and a beta of 0.73. Emerald Expositions Events has a 12 month low of $10.81 and a 12 month high of $24.45.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Emerald Expositions Events in the second quarter worth $163,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Emerald Expositions Events in the third quarter worth $210,000. Renaissance Technologies LLC purchased a new stake in shares of Emerald Expositions Events in the third quarter worth $255,000. Millennium Management LLC purchased a new stake in shares of Emerald Expositions Events in the first quarter worth $257,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Emerald Expositions Events in the second quarter worth $262,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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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