Everus Construction Group, Inc. (NYSE:ECG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Everus Construction Group, Inc. (NYSE:ECG) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $155.6667.

Several brokerages have recently issued reports on ECG. Freedom Capital lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Finally, Glj Research assumed coverage on shares of Everus Construction Group in a research note on Monday, April 20th. They issued a “hold” rating and a $141.00 price objective on the stock.

Everus Construction Group Trading Up 3.3%

Shares of ECG opened at $138.76 on Friday. The stock’s fifty day simple moving average is $151.93 and its 200-day simple moving average is $123.23. The firm has a market capitalization of $7.08 billion, a PE ratio of 31.83 and a beta of 2.23. Everus Construction Group has a 12-month low of $65.27 and a 12-month high of $171.58. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The company’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. As a group, research analysts predict that Everus Construction Group will post 4.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP grew its stake in shares of Everus Construction Group by 39.7% during the first quarter. Wasatch Advisors LP now owns 3,017,249 shares of the company’s stock worth $356,216,000 after purchasing an additional 856,912 shares during the period. Capital International Investors acquired a new position in Everus Construction Group in the third quarter valued at about $165,993,000. Invesco Ltd. lifted its stake in Everus Construction Group by 86.4% in the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after buying an additional 832,389 shares during the period. Alliancebernstein L.P. boosted its holdings in Everus Construction Group by 5.7% during the second quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after buying an additional 72,775 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Everus Construction Group by 109.9% during the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock worth $151,225,000 after buying an additional 670,646 shares during 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.