Everus Construction Group, Inc. (NYSE:ECG) Receives $154.83 Consensus Price Target from Analysts

Everus Construction Group, Inc. (NYSE:ECG) has received an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $154.8333.

A number of equities analysts have recently weighed in on ECG shares. DA Davidson reiterated a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a research note on Wednesday, February 25th. Guggenheim upgraded shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, April 30th. Stifel Nicolaus set a $172.00 price target on shares of Everus Construction Group in a research note on Friday, May 8th. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $151.68 on Thursday. The firm has a market cap of $7.74 billion, a P/E ratio of 34.79 and a beta of 2.55. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38. Everus Construction Group has a 1-year low of $56.10 and a 1-year high of $171.58. The business’s 50 day moving average is $136.28 and its 200-day moving average is $110.24.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. Equities research analysts predict that Everus Construction Group will post 4.39 earnings per share for the current year.

Institutional Investors Weigh In On Everus Construction Group

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its stake in shares of Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares during the period. Root Financial Partners LLC boosted its stake in shares of Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Everus Construction Group in the fourth quarter valued at approximately $28,000. Bessemer Group Inc. boosted its stake in shares of Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Everus Construction Group in the fourth quarter valued at approximately $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.