Brokerages Set NV5 Global, Inc. (NVEE) Price Target at $45.50
Shares of NV5 Global, Inc. (NASDAQ:NVEE) have earned a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.50.
A number of analysts have recently weighed in on the stock. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Saturday, September 9th. Sidoti assumed coverage on shares of NV5 Global in a report on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price target for the company. Finally, BidaskClub downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
NV5 Global (NASDAQ NVEE) traded up 2.53% during mid-day trading on Friday, hitting $52.60. 89,932 shares of the stock traded hands. The firm has a market cap of $534.99 million, a P/E ratio of 41.98 and a beta of 1.42. The firm’s 50-day moving average price is $44.83 and its 200-day moving average price is $40.25. NV5 Global has a 52 week low of $24.57 and a 52 week high of $53.65.
NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The company had revenue of $83.74 million during the quarter, compared to the consensus estimate of $87.73 million. On average, equities analysts forecast that NV5 Global will post $2.31 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in NVEE. Teachers Advisors LLC increased its position in NV5 Global by 5.7% during the 4th quarter. Teachers Advisors LLC now owns 12,866 shares of the business services provider’s stock worth $430,000 after purchasing an additional 689 shares in the last quarter. Nationwide Fund Advisors increased its position in NV5 Global by 4.7% during the 1st quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after purchasing an additional 232 shares in the last quarter. Russell Investments Group Ltd. increased its position in NV5 Global by 2.1% during the 1st quarter. Russell Investments Group Ltd. now owns 275,315 shares of the business services provider’s stock worth $10,351,000 after purchasing an additional 5,692 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in NV5 Global during the 1st quarter worth approximately $203,000. Finally, First Trust Advisors LP increased its position in NV5 Global by 38.4% during the 1st quarter. First Trust Advisors LP now owns 168,414 shares of the business services provider’s stock worth $6,332,000 after purchasing an additional 46,734 shares in the last quarter. Institutional investors and hedge funds own 55.53% of the company’s stock.
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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