NV5 Global, Inc. (NASDAQ:NVEE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised NV5 Global from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Saturday, September 9th. BidaskClub lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Sidoti started coverage on NV5 Global in a research report on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.50.

NV5 Global (NASDAQ:NVEE) traded up 1.48% during trading on Friday, reaching $51.30. The company’s stock had a trading volume of 100,341 shares. The stock has a 50 day moving average price of $44.83 and a 200 day moving average price of $40.25. The stock has a market capitalization of $521.77 million, a PE ratio of 40.94 and a beta of 1.42. NV5 Global has a 1-year low of $24.57 and a 1-year high of $51.55.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The firm had revenue of $83.74 million for the quarter, compared to analyst estimates of $87.73 million. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. Analysts anticipate that NV5 Global will post $2.31 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the business. American International Group Inc. increased its holdings in shares of NV5 Global by 7.1% in the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 301 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of NV5 Global by 129.0% in the 1st quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock valued at $173,000 after acquiring an additional 2,586 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of NV5 Global by 512.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 4,100 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of NV5 Global by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after acquiring an additional 126 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of NV5 Global by 4.7% in the 1st 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 during the last quarter. 55.53% of the stock is currently owned by institutional investors.

About NV5 Global

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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