Everus Construction Group, Inc. (NYSE:ECG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been given a consensus rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $100.3333.

ECG has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. DA Davidson set a $102.00 price objective on Everus Construction Group in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $105.00 target price on shares of Everus Construction Group in a research note on Thursday, November 6th.

Institutional Investors Weigh In On Everus Construction Group

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in Everus Construction Group in the 2nd quarter worth about $273,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Everus Construction Group during the second quarter worth about $2,085,000. Bluefin Capital Management LLC bought a new position in shares of Everus Construction Group in the first quarter worth approximately $264,000. Bank of Montreal Can increased its position in shares of Everus Construction Group by 4.2% in the second quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock worth $894,000 after purchasing an additional 563 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Everus Construction Group in the second quarter valued at approximately $359,000.

Everus Construction Group Trading Up 0.5%

Shares of Everus Construction Group stock opened at $90.15 on Monday. The firm has a market cap of $4.60 billion and a PE ratio of 25.54. Everus Construction Group has a 1 year low of $31.38 and a 1 year high of $103.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. The stock has a fifty day moving average price of $90.69 and a 200-day moving average price of $79.83.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.49. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The company had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. During the same period in the previous year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 29.7% on a year-over-year basis. Equities research analysts anticipate that Everus Construction Group will post 2.49 EPS for the current year.

Everus Construction Group Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Everus Construction Group is based in BISMARCK, N.D.