NV5 Global, Inc. (NASDAQ:NVEE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, October 18th.
According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
NVEE has been the subject of a number of other reports. ValuEngine downgraded NV5 Global from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Seaport Global Securities restated a “buy” rating and issued a $61.00 target price (up from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Sidoti started coverage on NV5 Global in a research note on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 target price for the company. Finally, BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $53.50.
Shares of NV5 Global (NVEE) traded up $0.45 during midday trading on Wednesday, hitting $56.15. The stock had a trading volume of 57,855 shares, compared to its average volume of 59,604. NV5 Global has a twelve month low of $27.30 and a twelve month high of $58.95. The stock has a market capitalization of $603.90, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.35 and a current ratio of 2.35.
NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The business had revenue of $83.74 million during the quarter, compared to the consensus estimate of $87.73 million. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. research analysts expect that NV5 Global will post 2.24 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in NV5 Global by 51.2% during the second quarter. Russell Investments Group Ltd. now owns 416,145 shares of the business services provider’s stock worth $17,686,000 after purchasing an additional 140,830 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in NV5 Global by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 348,217 shares of the business services provider’s stock worth $14,799,000 after purchasing an additional 72,288 shares in the last quarter. Vanguard Group Inc. raised its holdings in NV5 Global by 7.5% during the second quarter. Vanguard Group Inc. now owns 337,429 shares of the business services provider’s stock worth $14,341,000 after purchasing an additional 23,486 shares in the last quarter. Emerald Advisers Inc. PA increased its holdings in shares of NV5 Global by 14.1% in the third quarter. Emerald Advisers Inc. PA now owns 186,414 shares of the business services provider’s stock valued at $10,188,000 after buying an additional 22,979 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its holdings in shares of NV5 Global by 0.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 181,260 shares of the business services provider’s stock valued at $7,704,000 after buying an additional 1,317 shares in the last quarter. 56.28% of the stock is currently owned by hedge funds and other institutional investors.
NV5 Global Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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