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

Everus Construction Group (NYSE:ECG) had its target price decreased by Stifel Nicolaus from $172.00 to $139.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus‘s target price indicates a potential upside of 64.44% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Guggenheim upped their price target on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Oppenheimer lowered their price target on shares of Everus Construction Group from $200.00 to $170.00 and set an “outperform” rating on the stock in a report on Thursday, November 5th. Cantor Fitzgerald dropped their price target on Everus Construction Group from $152.00 to $123.00 and set a “neutral” rating on the stock in a research report on Tuesday. DA Davidson started coverage on Everus Construction Group in a report on Friday, August 21st. They issued a “buy” rating and a $168.00 price objective for the company. Finally, Freedom Capital upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Everus Construction Group currently has a consensus rating of “Moderate Buy” and an average price target of $154.17.

Everus Construction Group Trading Up 10.3%

ECG opened at $84.53 on Tuesday. Everus Construction Group has a 1-year low of $70.44 and a 1-year high of $171.58. The company has a market cap of $4.32 billion, a P/E ratio of 14.96 and a beta of 2.36. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $110.85 and its 200-day moving average is $125.16.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, November 3rd. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.48. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.19 billion. Everus Construction Group had a return on equity of 39.18% and a net margin of 6.20%. Everus Construction Group’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period last year, the company earned $1.11 EPS. Equities research analysts predict that Everus Construction Group will post 5.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Everus Construction Group news, Director David Sparby purchased 1,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was acquired at an average cost of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the transaction, the director directly owned 19,658 shares in the company, valued at approximately $2,849,427.10. This represents a 5.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ECG. Global Retirement Partners LLC bought a new stake in Everus Construction Group during the 2nd quarter valued at approximately $28,000. Root Financial Partners LLC bought a new position in shares of Everus Construction Group in the 3rd quarter worth approximately $25,000. Jones Financial Companies Lllp purchased a new position in shares of Everus Construction Group in the 2nd quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Everus Construction Group in the 2nd quarter valued at approximately $39,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Everus Construction Group by 82.8% during the third quarter. TD Waterhouse Canada Inc. now owns 276 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares in the last quarter.

About Everus Construction Group

Everus Construction Group provides construction services for commercial, industrial, institutional and utility customers. Its work includes electrical and mechanical construction, fire protection, and the building and maintenance of infrastructure for energy and utility systems.

The company also performs utility and civil construction, including work on electric transmission and distribution lines, underground utilities, pipelines, water and sewer systems, and transportation-related infrastructure.

Everus is headquartered in Bismarck, North Dakota, and serves customers across the United States, with operations concentrated in the central and western regions.