Stifel Nicolaus Has Lowered Expectations for Everus (NYSE:ECG) Stock Price

Everus (NYSE:ECG) had its price objective lowered by investment analysts at Stifel Nicolaus from $67.00 to $55.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 44.83% from the stock’s previous close.

Separately, Oppenheimer boosted their price target on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th.

Everus Stock Performance

Shares of NYSE:ECG opened at $37.98 on Wednesday. Everus has a 12-month low of $31.38 and a 12-month high of $77.93. The stock’s 50 day simple moving average is $43.75. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). As a group, sell-side analysts forecast that Everus will post 2.49 EPS for the current year.

Insider Buying and Selling at Everus

In other Everus news, CFO Maximillian J. Marcy bought 1,300 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the transaction, the chief financial officer now directly owns 5,508 shares in the company, valued at approximately $214,756.92. The trade was a 30.89 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Edward A. Ryan bought 1,400 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. The trade was a 10.35 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 3,750 shares of company stock worth $153,853 over the last three months.

Institutional Trading of Everus

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new position in shares of Everus in the 4th quarter valued at $16,241,000. Yousif Capital Management LLC acquired a new position in Everus in the 4th quarter worth about $1,326,000. Principal Securities Inc. bought a new position in Everus in the fourth quarter valued at about $27,000. Cascade Investment Advisors Inc. acquired a new stake in shares of Everus during the fourth quarter valued at about $1,272,000. Finally, Register Financial Advisors LLC bought a new stake in shares of Everus during the fourth quarter worth about $3,167,000.

About Everus

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.