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

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Five 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 target price among brokerages that have updated their coverage on the stock in the last year is $162.1667.

A number of equities research analysts have weighed in on ECG shares. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Everus Construction Group in a report on Tuesday, August 4th. Guggenheim upped their price objective on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a report on Friday, May 8th. Finally, Cantor Fitzgerald raised their target price on shares of Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th.

Everus Construction Group Price Performance

Everus Construction Group stock opened at $132.11 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.53. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 26.58 and a beta of 2.37. The firm has a 50-day moving average of $142.47 and a two-hundred day moving average of $129.97. Everus Construction Group has a 1 year low of $69.61 and a 1 year high of $171.58.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.50. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The company’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, research analysts forecast that Everus Construction Group will post 4.75 earnings per share for the current year.

Institutional Trading of Everus Construction Group

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Everus Construction Group in the 2nd quarter valued at $1,094,243,000. Wasatch Advisors LP lifted its stake in shares of Everus Construction Group by 39.7% during the 1st 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 last quarter. Invesco Ltd. boosted its position in Everus Construction Group by 86.4% during the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after purchasing an additional 832,389 shares in the last quarter. Alliancebernstein L.P. boosted its position 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 valued at $85,821,000 after purchasing an additional 72,775 shares in the last quarter. Finally, First Trust Advisors LP boosted its position 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 valued at $151,225,000 after purchasing an additional 670,646 shares in the last quarter.

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.