NV5 Global, Inc. (NVEE) Rating Increased to Buy at 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 to investors on Saturday. The firm currently has a $61.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.03% from the stock’s current price.
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 analysts have also issued reports on NVEE. Seaport Global Securities reiterated a “buy” rating and issued a $61.00 target price (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday. ValuEngine lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Sidoti assumed coverage on shares of NV5 Global in a research note on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 target price for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $53.50.
NV5 Global (NVEE) opened at 54.45 on Friday. NV5 Global has a one year low of $24.57 and a one year high of $56.70. The firm has a market cap of $553.81 million, a PE ratio of 43.46 and a beta of 1.44. The company’s 50-day moving average is $51.45 and its 200 day moving average is $42.72.
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. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The firm had revenue of $83.74 million during the quarter, compared to analyst estimates of $87.73 million. Equities analysts anticipate that NV5 Global will post $2.29 earnings per share for the current year.
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Several large investors have recently modified their holdings of NVEE. Teachers Advisors LLC boosted its holdings in shares of NV5 Global by 5.7% in the 4th quarter. Teachers Advisors LLC now owns 12,866 shares of the business services provider’s stock worth $430,000 after buying an additional 689 shares during the last quarter. Nationwide Fund Advisors boosted 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 worth $195,000 after buying an additional 232 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of NV5 Global in the 1st quarter worth about $203,000. Bank of New York Mellon Corp boosted its holdings in shares of NV5 Global by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 26,016 shares of the business services provider’s stock worth $978,000 after buying an additional 1,109 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of NV5 Global by 1.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 14,596 shares of the business services provider’s stock worth $549,000 after buying an additional 232 shares during the last quarter. 55.54% of the stock is currently owned by 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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