Everus Construction Group (NYSE:ECG) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Everus Construction Group (NYSE:ECG) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

ECG has been the subject of several other research reports. Cantor Fitzgerald upped their price target on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Oppenheimer initiated coverage on shares of Everus Construction Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price target for the company. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, April 30th. DA Davidson reaffirmed a “neutral” rating and issued a $102.00 price target on shares of Everus Construction Group in a research report on Wednesday, February 25th. Finally, Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.67.

Everus Construction Group Price Performance

Shares of ECG stock opened at $152.37 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71. The company has a market capitalization of $7.78 billion, a P/E ratio of 34.95 and a beta of 2.32. The company’s 50-day simple moving average is $144.92 and its two-hundred day simple moving average is $116.04. Everus Construction Group has a one year low of $58.00 and a one year high of $171.58.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. As a group, equities analysts anticipate that Everus Construction Group will post 4.39 EPS for the current year.

Institutional Investors Weigh In On Everus Construction Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC lifted its position in Everus Construction Group by 126.0% during the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after acquiring an additional 121 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $28,000. Flagship Harbor Advisors LLC purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. lifted its position in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the last quarter. Finally, McMillan Office Inc. purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $43,000.

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.