Everus (NYSE:ECG) Price Target Raised to $85.00

Everus (NYSE:ECG) had its price objective increased by research analysts at Stifel Nicolaus from $78.00 to $85.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 11.61% from the company’s current price.

ECG has been the topic of several other research reports. Oppenheimer upped their price objective on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. DA Davidson initiated coverage on shares of Everus in a research note on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating on the stock.

Everus Stock Up 1.1 %

Shares of ECG stock traded up $0.82 during trading hours on Friday, reaching $76.16. 96,719 shares of the stock traded hands, compared to its average volume of 536,932. Everus has a 1-year low of $40.05 and a 1-year high of $77.03. The firm has a fifty day moving average of $67.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

Everus (NYSE:ECG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The firm had revenue of $760.99 million for the quarter. As a group, equities research analysts anticipate that Everus will post 2.83 EPS for the current year.

Institutional Trading of Everus

A number of hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC bought a new position in shares of Everus during the 4th quarter worth about $292,000. Cascade Investment Group Inc. acquired a new stake in Everus in the 4th quarter valued at about $329,000. Hennessy Advisors Inc. bought a new position in shares of Everus in the 4th quarter valued at about $31,611,000. Brady Martz Wealth Solutions LLC bought a new position in shares of Everus in the 4th quarter valued at about $472,000. Finally, Dakota Wealth Management bought a new position in Everus during the 4th quarter worth approximately $1,219,000.

About Everus

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.