Zacks Investment Research upgraded shares of NV5 Global, Inc. (NASDAQ:NVEE) from a hold rating to a buy rating in a research report sent to investors on Saturday. They currently have $61.00 price target on the business services provider’s stock.

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. “

Several other equities analysts have also weighed in on the company. Seaport Global Securities reissued a buy rating and set a $61.00 price objective (up from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. ValuEngine lowered NV5 Global from a buy rating to a hold rating in a report on Monday, October 2nd. BidaskClub lowered NV5 Global from a buy rating to a hold rating in a report on Wednesday, July 19th. Finally, Sidoti started coverage on NV5 Global in a report on Wednesday, July 5th. They issued a neutral rating and a $45.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. NV5 Global has a consensus rating of Buy and an average price target of $53.50.

NV5 Global (NVEE) opened at 54.20 on Friday. NV5 Global has a 52 week low of $24.57 and a 52 week high of $56.70. The company has a market capitalization of $551.27 million, a P/E ratio of 43.26 and a beta of 1.44. The stock’s 50 day moving average price is $51.68 and its 200 day moving average price is $42.81.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. The business had revenue of $83.74 million during the quarter, compared to analyst estimates of $87.73 million. Analysts anticipate that NV5 Global will post $2.29 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of NVEE. American International Group Inc. boosted its holdings in shares of NV5 Global by 7.1% in the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after acquiring an additional 301 shares during the period. Bank of America Corp DE boosted its holdings in shares of NV5 Global by 129.0% in the first quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after acquiring an additional 2,586 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of NV5 Global by 4.7% in the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after acquiring an additional 232 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of NV5 Global in the first quarter worth $203,000. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of NV5 Global by 512.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock worth $208,000 after acquiring an additional 4,100 shares during the period. 55.54% of the stock is owned by hedge funds and other institutional investors.

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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