Everus Construction Group, Inc. (NYSE:ECG) Receives $155.67 Consensus PT from Analysts

Everus Construction Group, Inc. (NYSE:ECG) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $155.6667.

Several analysts have issued reports on ECG shares. Cantor Fitzgerald raised their price objective on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a report on Friday, May 8th. Freedom Capital downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Finally, Oppenheimer started coverage on Everus Construction Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $185.00 target price on the stock.

Institutional Investors Weigh In On Everus Construction Group

A number of large investors have recently bought and sold shares of ECG. Geneos Wealth Management Inc. boosted its holdings in shares of Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the last quarter. Root Financial Partners LLC raised its position in Everus Construction Group by 126.0% during the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after acquiring an additional 121 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Everus Construction Group during the fourth quarter valued at approximately $28,000. Flagship Harbor Advisors LLC acquired a new position in Everus Construction Group in the fourth quarter valued at approximately $30,000. Finally, McMillan Office Inc. acquired a new position in Everus Construction Group in the fourth quarter valued at approximately $43,000.

Everus Construction Group Trading Up 3.4%

Shares of NYSE ECG opened at $137.85 on Friday. The business’s 50 day moving average is $151.10 and its two-hundred day moving average is $124.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71. Everus Construction Group has a 1-year low of $65.27 and a 1-year high of $171.58. The stock has a market capitalization of $7.04 billion, a P/E ratio of 31.62 and a beta of 2.23.

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

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.