NV5 Global, Inc. (NVEE) Stock Rating Upgraded by Zacks Investment Research
NV5 Global, Inc. (NASDAQ:NVEE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $54.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 13.33% from the stock’s previous close.
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. “
Several other research analysts have also recently issued reports on NVEE. BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Sidoti assumed coverage on NV5 Global in a research note on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. NV5 Global presently has a consensus rating of “Buy” and a consensus price target of $45.50.
Shares of NV5 Global (NASDAQ:NVEE) opened at 47.65 on Friday. NV5 Global has a 1-year low of $24.57 and a 1-year high of $49.75. The company has a market capitalization of $484.65 million, a P/E ratio of 38.03 and a beta of 1.42. The firm’s 50 day moving average price is $43.72 and its 200-day moving average price is $39.88.
NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. The firm had revenue of $83.74 million during the quarter, compared to analysts’ expectations of $87.73 million. Analysts expect that NV5 Global will post $2.31 EPS for the current year.
A number of hedge funds have recently made changes to their positions in NVEE. Teachers Advisors LLC raised its position in NV5 Global by 5.7% during the fourth quarter. Teachers Advisors LLC now owns 12,866 shares of the business services provider’s stock valued at $430,000 after acquiring an additional 689 shares in the last quarter. Nationwide Fund Advisors raised its position in NV5 Global by 4.7% during the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock valued at $195,000 after acquiring an additional 232 shares in the last quarter. Russell Investments Group Ltd. raised its position in NV5 Global by 2.1% during the first quarter. Russell Investments Group Ltd. now owns 275,315 shares of the business services provider’s stock valued at $10,351,000 after acquiring an additional 5,692 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in NV5 Global during the first quarter valued at approximately $203,000. Finally, First Trust Advisors LP raised its position in NV5 Global by 38.4% during the first quarter. First Trust Advisors LP now owns 168,414 shares of the business services provider’s stock valued at $6,332,000 after acquiring an additional 46,734 shares in the last quarter. Institutional investors own 55.53% of the company’s stock.
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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