Zacks Investment Research upgraded shares of NV5 Global, Inc. (NASDAQ:NVEE) from a hold rating to a buy rating in a research report report published on Saturday morning. They currently have $58.00 target price on the business services provider’s stock.

According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “

Other equities analysts also recently issued reports about the stock. Lake Street Capital upped their price target on shares of NV5 Global to $66.00 and gave the company a buy rating in a report on Thursday, November 9th. Roth Capital upped their price target on shares of NV5 Global from $48.00 to $60.00 and gave the company a buy rating in a report on Thursday, November 9th. Seaport Global Securities reiterated a buy rating and set a $61.00 price target (up from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. ValuEngine upgraded shares of NV5 Global from a hold rating to a buy rating in a report on Friday, September 15th. Finally, BidaskClub downgraded shares of NV5 Global from a buy rating to a hold rating in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $58.00.

NV5 Global (NASDAQ:NVEE) opened at $51.90 on Friday. The company has a market cap of $558.15, a PE ratio of 24.18, a P/E/G ratio of 1.11 and a beta of 1.44. NV5 Global has a fifty-two week low of $33.10 and a fifty-two week high of $58.95. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.41.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. The company had revenue of $91.26 million for the quarter, compared to the consensus estimate of $103.15 million. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. equities analysts predict that NV5 Global will post 2.34 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/nv5-global-inc-nvee-lifted-to-buy-at-zacks-investment-research/1701514.html.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. lifted its position in shares of NV5 Global by 123.5% in the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after purchasing an additional 1,623 shares during the period. American International Group Inc. lifted its position in shares of NV5 Global by 7.1% in the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after purchasing an additional 301 shares during the period. Bank of America Corp DE lifted its position in shares of NV5 Global by 129.0% in the 1st quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after purchasing an additional 2,586 shares during the period. Victory Capital Management Inc. lifted its position in shares of NV5 Global by 536.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after purchasing an additional 3,088 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in NV5 Global by 512.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 4,100 shares during the last quarter. 56.61% of the stock is owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on NV5 Global (NVEE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NV5 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.