NV5 Global, Inc. (NVEE) Given Consensus Rating of “Buy” by Brokerages
NV5 Global, Inc. (NASDAQ:NVEE) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $45.50.
NVEE has been the subject of several recent research reports. ValuEngine upgraded NV5 Global from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Friday, September 8th. BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Sidoti initiated coverage on NV5 Global in a report on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price objective for the company.
Shares of NV5 Global (NASDAQ:NVEE) traded up 1.48% during trading on Friday, hitting $51.30. 100,341 shares of the stock traded hands. NV5 Global has a 52 week low of $24.57 and a 52 week high of $51.55. The company has a 50-day moving average of $44.83 and a 200-day moving average of $40.25. The firm has a market cap of $521.77 million, a P/E ratio of 40.94 and a beta of 1.42.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The firm 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%. On average, analysts forecast that NV5 Global will post $2.31 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/09/15/nv5-global-inc-nvee-given-consensus-rating-of-buy-by-brokerages.html.
Institutional investors have recently made changes to their positions in the stock. American International Group Inc. grew its holdings in NV5 Global by 7.1% during the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after buying an additional 301 shares in the last quarter. Bank of America Corp DE grew its holdings in NV5 Global by 129.0% during the first quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after buying an additional 2,586 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in NV5 Global by 512.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock worth $208,000 after buying an additional 4,100 shares in the last quarter. Wells Fargo & Company MN grew its holdings in NV5 Global by 2.5% during the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after buying an additional 126 shares in the last quarter. Finally, Nationwide Fund Advisors grew its holdings 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 worth $195,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds 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.
Receive News & Ratings for NV5 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.