NV5 Global, Inc. (NVEE) Rating Increased to Buy at Zacks Investment Research
NV5 Global, Inc. (NASDAQ:NVEE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The brokerage presently has a $54.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 13.33% from the company’s current price.
According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
Other analysts have also issued reports about the stock. BidaskClub lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Sidoti started coverage on shares of NV5 Global in a report on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $45.50.
Shares of NV5 Global (NVEE) opened at 47.65 on Friday. The company has a market capitalization of $484.65 million, a price-to-earnings ratio of 38.03 and a beta of 1.42. NV5 Global has a 12 month low of $24.57 and a 12 month high of $49.75. The company has a 50-day moving average price of $43.72 and a 200-day moving average price of $39.88.
NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The business had revenue of $83.74 million during the quarter, compared to analyst estimates of $87.73 million. On average, equities analysts anticipate that NV5 Global will post $2.31 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of NVEE. Russell Investments Group Ltd. lifted its holdings in NV5 Global by 51.2% in the second quarter. Russell Investments Group Ltd. now owns 416,145 shares of the business services provider’s stock worth $17,686,000 after buying an additional 140,830 shares during the period. Pier Capital LLC purchased a new stake in NV5 Global in the second quarter worth about $4,954,000. Grandeur Peak Global Advisors LLC lifted its holdings in NV5 Global by 368.2% in the first quarter. Grandeur Peak Global Advisors LLC now owns 106,050 shares of the business services provider’s stock worth $3,987,000 after buying an additional 83,400 shares during the period. Dimensional Fund Advisors LP lifted its holdings in NV5 Global by 26.2% in the second quarter. Dimensional Fund Advisors LP now owns 348,217 shares of the business services provider’s stock worth $14,799,000 after buying an additional 72,288 shares during the period. Finally, Woodstock Corp purchased a new stake in NV5 Global in the second quarter worth about $2,600,000. Institutional investors and hedge funds own 55.53% of the company’s stock.
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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