NV5 Global, Inc. (NASDAQ:NVEE) has received an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $51.00.

Several analysts have recently weighed in on NVEE shares. Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Saturday, September 9th. Sidoti started coverage on NV5 Global in a research report on Wednesday, July 5th. They set a “neutral” rating and a $45.00 target price for the company. ValuEngine upgraded NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Seaport Global Securities started coverage on NV5 Global in a report on Wednesday. They issued a “buy” rating and a $61.00 price objective for the company.

Several hedge funds have recently added to or reduced their stakes in NVEE. Teachers Advisors LLC raised its holdings in shares of NV5 Global by 5.7% in 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 holdings in shares of NV5 Global by 4.7% in 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. State Board of Administration of Florida Retirement System bought a new stake in shares of NV5 Global in the first quarter valued at about $203,000. Bank of New York Mellon Corp raised its holdings in shares of NV5 Global by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 26,016 shares of the business services provider’s stock valued at $978,000 after acquiring an additional 1,109 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of NV5 Global by 1.6% in the first quarter. Parametric Portfolio Associates LLC now owns 14,596 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company’s stock.

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Shares of NV5 Global (NVEE) traded down 0.833% on Wednesday, reaching $54.145. 28,647 shares of the company’s stock traded hands. The firm has a market cap of $582.33 million, a P/E ratio of 42.972 and a beta of 1.44. NV5 Global has a 12-month low of $24.57 and a 12-month high of $56.70. The stock has a 50-day moving average of $50.43 and a 200 day moving average of $42.43.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share 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 business had revenue of $83.74 million during the quarter, compared to the consensus estimate of $87.73 million. On average, equities research analysts expect that NV5 Global will post $2.31 earnings per share for the current year.

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.

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