Oppenheimer Initiates Coverage on Everus (NYSE:ECG)

Equities research analysts at Oppenheimer began coverage on shares of Everus (NYSE:ECG) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $70.00 price target on the stock. Oppenheimer’s price objective indicates a potential upside of 2.58% from the stock’s current price.

Several other analysts also recently issued reports on ECG. 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 for the company. Wolfe Research assumed coverage on Everus in a report on Tuesday. They set a “peer perform” rating for the company. Finally, Stifel Nicolaus assumed coverage on Everus in a research note on Friday, November 15th. They issued a “buy” rating and a $71.00 target price on the stock.

Everus Price Performance

Everus stock opened at $68.24 on Wednesday. Everus has a 12-month low of $40.05 and a 12-month high of $70.37. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

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.