NV5 Global (NVEE) Getting Somewhat Positive News Coverage, Report Shows
News headlines about NV5 Global (NASDAQ:NVEE) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NV5 Global earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.5469353110124 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
NV5 Global (NVEE) traded down 2.12% during trading on Friday, hitting $41.50. 26,584 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $42.12 and its 200 day moving average price is $39.23. NV5 Global has a 12-month low of $24.57 and a 12-month high of $45.50. The stock has a market cap of $422.10 million, a P/E ratio of 33.12 and a beta of 1.45.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. The business had revenue of $83.74 million during the quarter, compared to analyst estimates of $87.73 million. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. Analysts anticipate that NV5 Global will post $2.31 earnings per share for the current fiscal year.
Several research firms have commented on NVEE. Zacks Investment Research upgraded shares of NV5 Global from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research note on Wednesday, May 10th. Sidoti began coverage on shares of NV5 Global in a research note on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price target for the company. Finally, BidaskClub downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.75.
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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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