Stifel Nicolaus Has Lowered Expectations for Everus Construction Group (NYSE:ECG) Stock Price

Everus Construction Group (NYSE:ECG) had its target price cut by analysts at Stifel Nicolaus from $110.00 to $107.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 17.46% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. DA Davidson set a $102.00 price target on Everus Construction Group in a report on Thursday, November 6th. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen upgraded shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Guggenheim began coverage on shares of Everus Construction Group in a research note on Thursday. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Everus Construction Group presently has an average rating of “Hold” and an average price target of $102.75.

Everus Construction Group Trading Down 1.0%

Shares of ECG stock opened at $91.10 on Monday. Everus Construction Group has a 52-week low of $31.38 and a 52-week high of $103.08. The stock has a fifty day simple moving average of $89.30 and a two-hundred day simple moving average of $83.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. The firm has a market capitalization 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 data on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.49. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The business had revenue of $986.82 million for the quarter, compared to analysts’ expectations of $830.60 million. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. On average, analysts predict that Everus Construction Group will post 2.49 EPS for the current fiscal year.

Institutional Trading of Everus Construction Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its position in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after buying an additional 198 shares during the period. Signaturefd LLC boosted its position in shares of Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after buying an additional 208 shares during the period. Sound Income Strategies LLC acquired a new stake in Everus Construction Group in the fourth quarter valued at approximately $28,000. Bessemer Group Inc. lifted its holdings in Everus Construction Group by 68.2% in the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after buying an additional 137 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Everus Construction Group in the 4th quarter valued at about $30,000.

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.