NV5 Global Inc (NASDAQ:NVEE) Receives Consensus Rating of “Buy” from Analysts

Shares of NV5 Global Inc (NASDAQ:NVEE) have earned an average recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $65.17.

A number of research analysts have issued reports on NVEE shares. Sidoti downgraded shares of NV5 Global from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research report on Thursday, July 23rd. Bank of America started coverage on shares of NV5 Global in a research report on Friday, May 29th. They set a “neutral” rating and a $58.00 target price on the stock. BidaskClub upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, July 24th. Zacks Investment Research upgraded shares of NV5 Global from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, May 12th. Finally, Maxim Group cut NV5 Global from a “buy” rating to a “hold” rating and lowered their price target for the company from $58.00 to $44.00 in a research note on Wednesday, April 8th.

Shares of NASDAQ NVEE opened at $56.74 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.00. NV5 Global has a 12-month low of $27.00 and a 12-month high of $82.38. The company has a market cap of $739.32 million, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35. The firm’s 50-day simple moving average is $50.74 and its 200 day simple moving average is $49.69.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.13). NV5 Global had a net margin of 4.02% and a return on equity of 11.69%. The business had revenue of $165.48 million for the quarter, compared to analyst estimates of $167.00 million. On average, equities analysts expect that NV5 Global will post 2.96 earnings per share for the current year.

In other news, COO Alexander A. Hockman sold 1,380 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $46.50, for a total value of $64,170.00. Following the completion of the sale, the chief operating officer now directly owns 168,217 shares of the company’s stock, valued at approximately $7,822,090.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Maryjo O’brien sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $50.05, for a total value of $175,175.00. Following the completion of the sale, the vice president now directly owns 70,333 shares of the company’s stock, valued at $3,520,166.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,000 shares of company stock valued at $973,785. 17.92% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of NVEE. Victory Capital Management Inc. grew its stake in shares of NV5 Global by 89.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,624 shares of the business services provider’s stock worth $82,000 after acquiring an additional 766 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of NV5 Global during the 4th quarter worth approximately $2,871,000. UBS Group AG grew its stake in shares of NV5 Global by 66.7% during the 4th quarter. UBS Group AG now owns 16,705 shares of the business services provider’s stock worth $842,000 after acquiring an additional 6,681 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NV5 Global by 3.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,182 shares of the business services provider’s stock worth $615,000 after acquiring an additional 394 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of NV5 Global by 11.9% during the 4th quarter. Bank of New York Mellon Corp now owns 44,269 shares of the business services provider’s stock worth $2,233,000 after acquiring an additional 4,706 shares in the last quarter. 64.41% of the stock is owned by institutional investors.

About NV5 Global

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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Analyst Recommendations for NV5 Global (NASDAQ:NVEE)

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