Stifel Nicolaus Cuts Everus Construction Group (NYSE:ECG) Price Target to $107.00

Everus Construction Group (NYSE:ECG) had its target price decreased by analysts at Stifel Nicolaus from $110.00 to $107.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 17.46% from the stock’s current price.

Other analysts have also issued reports about the stock. Guggenheim began coverage on shares of Everus Construction Group in a research note on Thursday. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Cantor Fitzgerald began coverage on shares of Everus Construction Group in a research report on Friday. They set a “neutral” rating and a $97.00 price target on the stock. Finally, Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.75.

Everus Construction Group Stock Down 1.0%

ECG stock opened at $91.10 on Monday. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. Everus Construction Group has a fifty-two week low of $31.38 and a fifty-two week high of $103.08. The firm’s 50-day simple moving average is $89.30 and its 200 day simple moving average is $83.58. The stock has a market cap of $4.65 billion, a PE ratio of 25.81 and a beta of 3.84.

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

Institutional Investors Weigh In On Everus Construction Group

A number of large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares in the last quarter. Signaturefd LLC increased its stake in Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after acquiring an additional 208 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Everus Construction Group during the fourth quarter valued at approximately $28,000. Bessemer Group Inc. lifted its stake in Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after purchasing an additional 137 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Everus Construction Group during the 4th quarter worth $30,000.

About Everus Construction Group

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.