Brokerages Set Everus Construction Group, Inc. (NYSE:ECG) PT at $102.75

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $102.75.

A number of research analysts recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Guggenheim began coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating on the stock. Finally, DA Davidson reissued a “neutral” rating and set a $102.00 price objective on shares of Everus Construction Group in a research report on Wednesday, February 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ECG. Geneos Wealth Management Inc. grew its position in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Everus Construction Group during the 4th quarter worth $28,000. Bessemer Group Inc. grew its position in Everus Construction Group by 68.2% during the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after purchasing an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Everus Construction Group during the 4th quarter worth $30,000. Finally, Salomon & Ludwin LLC purchased a new position in Everus Construction Group during the 3rd quarter worth $33,000.

Everus Construction Group Trading Down 1.1%

NYSE ECG opened at $119.35 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.76 and a quick ratio of 1.70. The firm’s fifty day moving average price is $110.15 and its 200 day moving average price is $96.42. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 30.29 and a beta of 2.88. Everus Construction Group has a 12 month low of $34.36 and a 12 month high of $137.64.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $879.57 million. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The company’s revenue was up 33.0% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. On average, sell-side analysts expect that Everus Construction Group will post 2.49 earnings per share for the current fiscal 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.