Stifel Nicolaus Cuts Everus (NYSE:ECG) Price Target to $67.00

Everus (NYSE:ECG) had its price target trimmed by Stifel Nicolaus from $85.00 to $67.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on ECG. Wolfe Research assumed coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating for the company. DA Davidson began coverage on Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, Oppenheimer increased their target price on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th.

Everus Trading Down 2.7 %

NYSE ECG opened at $48.19 on Thursday. 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 has a twelve month low of $40.05 and a twelve month high of $77.93. The business’s fifty day simple moving average is $67.94.

Everus (NYSE:ECG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). As a group, equities research analysts expect that Everus will post 2.87 earnings per share for the current year.

Hedge Funds Weigh In On Everus

Several hedge funds have recently bought and sold shares of ECG. SRS Capital Advisors Inc. acquired a new stake in Everus in the 4th quarter valued at about $26,000. Principal Securities Inc. purchased a new position in Everus during the 4th quarter worth approximately $27,000. HighMark Wealth Management LLC purchased a new position in Everus during the 4th quarter worth approximately $28,000. Crews Bank & Trust purchased a new position in Everus during the 4th quarter worth approximately $29,000. Finally, Mendota Financial Group LLC purchased a new position in Everus during the 4th quarter worth approximately $36,000.

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.