Emerald Expositions Events (EEX) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Emerald Expositions Events (NYSE:EEX) from a hold rating to a buy rating in a research report report published on Friday, January 19th. The firm currently has $24.00 price objective on the stock.

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. “

Separately, Robert W. Baird increased their target price on Emerald Expositions Events from $23.00 to $24.00 and gave the company a neutral rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Emerald Expositions Events has a consensus rating of Buy and a consensus price target of $24.36.

Emerald Expositions Events (NYSE:EEX) traded up $0.30 on Friday, hitting $21.39. The stock had a trading volume of 134,107 shares, compared to its average volume of 77,257. Emerald Expositions Events has a 1 year low of $18.67 and a 1 year high of $24.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.63.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, February 8th.

In other news, CEO David Loechner sold 31,555 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $20.04, for a total value of $632,362.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey G. Naylor sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $22.13, for a total value of $265,560.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 328,470 shares of company stock worth $7,007,858.

Several hedge funds have recently added to or reduced their stakes in EEX. Nationwide Fund Advisors purchased a new position in shares of Emerald Expositions Events in the 2nd quarter worth $200,000. Stifel Financial Corp purchased a new position in shares of Emerald Expositions Events in the 3rd quarter worth $216,000. Parametric Portfolio Associates LLC purchased a new position in shares of Emerald Expositions Events in the 2nd quarter worth $340,000. New York State Common Retirement Fund purchased a new position in shares of Emerald Expositions Events in the 2nd quarter worth $366,000. Finally, Rhumbline Advisers purchased a new position in shares of Emerald Expositions Events in the 2nd quarter worth $376,000. Hedge funds and other institutional investors own 27.00% of the company’s stock.

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Emerald Expositions Events Company Profile

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.

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Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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