Everus Construction Group (NYSE:ECG) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Everus Construction Group (NYSE:ECG) in a research note issued to investors on Friday, Marketbeat.com reports. The firm issued a neutral rating and a $97.00 target price on the stock.

Several other analysts also recently issued reports on ECG. Oppenheimer restated an “outperform” rating and issued a $105.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. Guggenheim initiated coverage on shares of Everus Construction Group in a report on Thursday. They issued a “neutral” rating on the stock. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $99.50.

Everus Construction Group Stock Down 1.0%

Shares of NYSE ECG opened at $91.10 on Friday. The firm’s 50-day moving average is $89.30 and its two-hundred day moving average is $83.58. The company has a market capitalization of $4.65 billion, a PE ratio of 25.81 and a beta of 3.84. Everus Construction Group has a 12-month low of $31.38 and a 12-month high of $103.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.49. The firm had revenue of $986.82 million during the quarter, compared to the consensus estimate of $830.60 million. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The company’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. Equities analysts anticipate that Everus Construction Group will post 2.49 EPS for the current fiscal year.

Institutional Trading of Everus Construction Group

A number of institutional investors and hedge funds have recently bought and sold shares of ECG. Allspring Global Investments Holdings LLC acquired a new position in shares of Everus Construction Group in the second quarter worth about $273,000. State of New Jersey Common Pension Fund D acquired a new stake in Everus Construction Group during the 2nd quarter valued at approximately $2,085,000. Bank of Montreal Can increased its holdings in Everus Construction Group by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock worth $894,000 after purchasing an additional 563 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Everus Construction Group in the 2nd quarter valued at approximately $359,000. Finally, Gabelli Funds LLC raised its position in shares of Everus Construction Group by 178.8% in the 2nd quarter. Gabelli Funds LLC now owns 94,437 shares of the company’s stock valued at $6,000,000 after purchasing an additional 60,562 shares in the last quarter.

Everus Construction Group Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Everus Construction Group is based in BISMARCK, N.D.