Emerald Expositions Events Inc Receives a Buy from RBC Capital

In a report released yesterday, Gary Bisbee from RBC Capital reiterated a Buy rating on Emerald Expositions Events Inc (NYSE: EEX), with a price target of $24. The company’s shares opened today at $21.38.

According to TipRanks.com, Bisbee is a 5-star analyst with an average return of 12.5% and a 73.4% success rate. Bisbee covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Adtalem Global Education Inc, and Corporate Executive Board.

Emerald Expositions Events Inc has an analyst consensus of Moderate Buy, with a price target consensus of $25.

Based on Emerald Expositions Events Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $100 million and quarterly net profit of $19.21 million. In comparison, last year the company earned revenue of $30.45 million and had a GAAP net loss of $24.07 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock.

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Emerald Expositions Events, Inc. engages in the operation of business-to-business (B2B) Trade shows. It currently operates more than 50 trade shows as well as numerous events. The company was founded in 2013 and is headquartered in San Juan Capistrano, CA.

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