Stifel Nicolaus Lowers Everus Construction Group (NYSE:ECG) Price Target to $107.00

Everus Construction Group (NYSE:ECG) had its target price lowered by analysts at Stifel Nicolaus from $110.00 to $107.00 in a report issued on Monday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 14.16% from the stock’s previous close.

A number of other equities analysts have also issued reports on ECG. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday, January 22nd. DA Davidson set a $102.00 target price on Everus Construction Group in a report on Thursday, November 6th. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, Guggenheim started coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $102.75.

Everus Construction Group Stock Performance

Shares of ECG opened at $93.73 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market cap of $4.78 billion, a PE ratio of 26.55 and a beta of 3.84. The company’s 50 day simple moving average is $89.56 and its 200-day simple moving average is $83.93. Everus Construction Group has a 12-month low of $31.38 and a 12-month high of $103.08.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.49. The firm had revenue of $986.82 million during the quarter, compared to analysts’ expectations of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. Everus Construction Group’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. As a group, equities analysts predict that Everus Construction Group will post 2.49 EPS for the current year.

Hedge Funds Weigh In On Everus Construction Group

Large investors have recently made changes to their positions in the stock. Capital International Investors acquired a new position in Everus Construction Group during the third quarter worth about $165,993,000. Invesco Ltd. boosted its stake in shares of Everus Construction Group by 86.4% during the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after acquiring an additional 832,389 shares in the last quarter. Merewether Investment Management LP purchased a new stake in shares of Everus Construction Group during the 3rd quarter worth approximately $24,842,000. Swedbank AB grew its holdings in shares of Everus Construction Group by 66.7% in the 3rd quarter. Swedbank AB now owns 500,000 shares of the company’s stock worth $42,875,000 after acquiring an additional 200,000 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in Everus Construction Group in the 2nd quarter valued at approximately $11,020,000.

About Everus Construction Group

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.