Brokerages Set NV5 Global Inc (NVEE) PT at $95.17

NV5 Global Inc (NASDAQ:NVEE) has been assigned a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $91.00.

A number of analysts have recently weighed in on NVEE shares. Roth Capital reduced their price target on shares of NV5 Global from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, March 8th. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Tuesday, January 8th. BidaskClub lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Singular Research reaffirmed a “buy” rating on shares of NV5 Global in a research note on Wednesday, March 13th.

In related news, CFO Michael P. Rama sold 500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $62.51, for a total transaction of $31,255.00. Following the completion of the sale, the chief financial officer now directly owns 28,800 shares of the company’s stock, valued at $1,800,288. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Alexander A. Hockman sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $59.86, for a total transaction of $2,394,400.00. Following the sale, the chief operating officer now directly owns 214,916 shares of the company’s stock, valued at $12,864,871.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,250 shares of company stock valued at $3,017,090. Company insiders own 25.07% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in NVEE. Alliancebernstein L.P. lifted its stake in NV5 Global by 37.7% during the third quarter. Alliancebernstein L.P. now owns 9,500 shares of the business services provider’s stock valued at $824,000 after purchasing an additional 2,600 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NV5 Global by 5.7% during the third quarter. Bank of New York Mellon Corp now owns 31,805 shares of the business services provider’s stock valued at $2,757,000 after acquiring an additional 1,710 shares during the period. BlackRock Inc. raised its holdings in shares of NV5 Global by 18.6% during the third quarter. BlackRock Inc. now owns 667,348 shares of the business services provider’s stock valued at $57,859,000 after acquiring an additional 104,447 shares during the period. Virtu Financial LLC acquired a new stake in shares of NV5 Global during the third quarter valued at approximately $204,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of NV5 Global by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 521,018 shares of the business services provider’s stock valued at $45,171,000 after acquiring an additional 13,427 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:NVEE traded up $1.58 during trading on Monday, reaching $61.43. The company had a trading volume of 53,425 shares, compared to its average volume of 117,204. The firm has a market cap of $771.87 million, a P/E ratio of 18.96, a P/E/G ratio of 1.14 and a beta of 1.70. NV5 Global has a twelve month low of $51.46 and a twelve month high of $96.70. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.09.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.07). The company had revenue of $115.34 million during the quarter, compared to analyst estimates of $116.00 million. NV5 Global had a return on equity of 14.88% and a net margin of 6.42%. Equities research analysts forecast that NV5 Global will post 3.67 EPS for the current year.

About NV5 Global

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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Analyst Recommendations for NV5 Global (NASDAQ:NVEE)

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