Everus Construction Group, Inc. (NYSE:ECG) Receives $155.67 Average Price Target from Brokerages

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $155.6667.

Several analysts have recently commented on the company. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. DA Davidson reaffirmed a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a research report on Wednesday, February 25th. Freedom Capital cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Glj Research started coverage on Everus Construction Group in a report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target for the company. Finally, Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, April 30th.

Everus Construction Group Stock Up 0.1%

Shares of Everus Construction Group stock opened at $157.84 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The company has a market cap of $8.06 billion, a P/E ratio of 36.20 and a beta of 2.33. The firm’s 50 day moving average price is $146.94 and its 200-day moving average price is $117.42. Everus Construction Group has a 52-week low of $58.08 and a 52-week high of $171.58.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.33. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. Everus Construction Group’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. On average, sell-side analysts predict that Everus Construction Group will post 4.39 EPS for the current fiscal year.

Institutional Trading of Everus Construction Group

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new stake in Everus Construction Group during the 4th quarter worth about $4,431,000. Capital International Investors acquired a new position in shares of Everus Construction Group in the 3rd quarter valued at about $165,993,000. Range Financial Group LLC acquired a new position in shares of Everus Construction Group in the 4th quarter valued at about $1,146,000. Steadtrust LLC purchased a new stake in shares of Everus Construction Group in the fourth quarter worth about $843,000. Finally, Public Sector Pension Investment Board grew its holdings in Everus Construction Group by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock worth $17,063,000 after acquiring an additional 25,140 shares during the period.

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.