Everus (NYSE:ECG) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Everus (NYSE:ECG) had its price objective boosted by Stifel Nicolaus from $78.00 to $85.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 9.99% from the stock’s previous close.

Several other research analysts have also weighed in on the company. DA Davidson assumed coverage on Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 target price on the stock. Wolfe Research began coverage on Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Finally, Oppenheimer increased their target price on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th.

Everus Stock Performance

Everus stock opened at $77.28 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The stock’s 50-day moving average is $67.64. Everus has a 1 year low of $40.05 and a 1 year high of $77.93.

Everus (NYSE:ECG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The firm had revenue of $760.99 million for the quarter. On average, analysts anticipate that Everus will post 2.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ECG. Crews Bank & Trust bought a new stake in Everus in the 4th quarter valued at approximately $29,000. Mendota Financial Group LLC bought a new stake in shares of Everus in the fourth quarter worth $36,000. KBC Group NV acquired a new position in Everus during the fourth quarter worth $150,000. SeaCrest Wealth Management LLC bought a new position in Everus in the fourth quarter valued at $292,000. Finally, Cascade Investment Group Inc. acquired a new stake in Everus in the 4th quarter valued at $329,000.

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.