Everus Construction Group, Inc. (NYSE:ECG) Receives $155.67 Average Target Price from Analysts

Everus Construction Group, Inc. (NYSE:ECG) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $162.1667.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a research report on Friday, May 8th. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price target on shares of Everus Construction Group in a research report on Thursday. Glj Research started coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 price target for the company. Finally, Cantor Fitzgerald raised their price objective on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th.

Everus Construction Group Stock Down 1.0%

Shares of NYSE:ECG opened at $139.38 on Tuesday. The stock has a 50-day simple moving average of $142.97 and a 200-day simple moving average of $129.37. The stock has a market capitalization of $7.11 billion, a P/E ratio of 28.04 and a beta of 2.37. Everus Construction Group has a 1 year low of $69.61 and a 1 year high of $171.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.59.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.14 by $0.50. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. Everus Construction Group’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Equities analysts forecast that Everus Construction Group will post 4.39 earnings per share for the current year.

Institutional Investors Weigh In On Everus Construction Group

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in Everus Construction Group by 155.0% during the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock worth $1,811,000 after acquiring an additional 29,689 shares in the last quarter. Millennium Management LLC boosted its holdings in Everus Construction Group by 42.7% in the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after acquiring an additional 73,128 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Everus Construction Group by 74.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after acquiring an additional 76,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Everus Construction Group by 33.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock valued at $5,207,000 after acquiring an additional 34,868 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Everus Construction Group by 184.4% in the first quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after acquiring an additional 46,247 shares in the last quarter.

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.