Everus Construction Group (NYSE:ECG) Price Target Raised to $88.00

Everus Construction Group (NYSE:ECG) had its price target upped by Stifel Nicolaus from $83.00 to $88.00 in a research note issued to investors on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities analysts have also commented on ECG. DA Davidson upped their price objective on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 6th. Oppenheimer upped their price target on Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Finally, Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Everus Construction Group Stock Performance

NYSE ECG opened at $79.18 on Thursday. The stock has a fifty day simple moving average of $73.05 and a 200-day simple moving average of $56.51. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The stock has a market cap of $4.04 billion and a PE ratio of 24.44. Everus Construction Group has a twelve month low of $31.38 and a twelve month high of $90.00.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.42. The firm had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. Equities analysts anticipate that Everus Construction Group will post 2.49 earnings per share for the current year.

Institutional Trading of Everus Construction Group

Large investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. acquired a new stake in shares of Everus Construction Group in the first quarter valued at $75,089,000. Alliancebernstein L.P. increased its holdings in Everus Construction Group by 5.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after purchasing an additional 72,775 shares during the period. Invesco Ltd. raised its position in Everus Construction Group by 7.8% in the 1st quarter. Invesco Ltd. now owns 1,071,118 shares of the company’s stock valued at $39,728,000 after purchasing an additional 77,396 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in Everus Construction Group by 4.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock valued at $34,754,000 after purchasing an additional 23,716 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Everus Construction Group by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company’s stock valued at $16,397,000 after buying an additional 30,961 shares during the period.

About Everus Construction Group

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.