NV5 Global, Inc. (NVEE) Downgraded to Hold at ValuEngine
ValuEngine lowered shares of NV5 Global, Inc. (NASDAQ:NVEE) from a buy rating to a hold rating in a research note issued to investors on Monday morning.
A number of other brokerages have also recently issued reports on NVEE. 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 price objective for the company. BidaskClub downgraded shares of NV5 Global from a buy rating to a hold rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut shares of NV5 Global from a buy rating to a hold rating in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. NV5 Global currently has an average rating of Hold and an average target price of $48.67.
NV5 Global (NASDAQ NVEE) opened at 56.00 on Monday. NV5 Global has a 12 month low of $24.57 and a 12 month high of $56.60. The company has a market capitalization of $569.58 million, a PE ratio of 44.69 and a beta of 1.44. The stock’s 50 day moving average is $48.31 and its 200-day moving average is $41.63.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, August 3rd. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The company had revenue of $83.74 million for the quarter, compared to analysts’ expectations of $87.73 million. On average, analysts expect that NV5 Global will post $2.31 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in NV5 Global by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 126 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in 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 purchasing an additional 232 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in 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 purchasing an additional 232 shares in the last quarter. American International Group Inc. lifted its holdings in NV5 Global by 7.1% in the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after purchasing an additional 301 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in 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 purchasing an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 55.53% of the company’s stock.
About NV5 Global
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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