NV5 Global, Inc. (NVEE) PT Raised to $66.00
NV5 Global, Inc. (NASDAQ:NVEE) had its price target upped by equities researchers at Lake Street Capital to $66.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the business services provider’s stock. Lake Street Capital’s price objective would indicate a potential upside of 27.54% from the company’s previous close.
NVEE has been the subject of a number of other reports. BidaskClub downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. 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, Roth Capital boosted their target price on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.00.
NV5 Global (NVEE) opened at $51.75 on Thursday. The company has a current ratio of 2.54, a quick ratio of 2.35 and a debt-to-equity ratio of 0.41. The stock has a market cap of $560.31, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. NV5 Global has a 52-week low of $32.35 and a 52-week high of $58.95.
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, topping analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $91.26 million during 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 expect that NV5 Global will post 2.34 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. S Squared Technology LLC lifted its position in NV5 Global by 17.9% during the second quarter. S Squared Technology LLC now owns 57,165 shares of the business services provider’s stock valued at $2,430,000 after buying an additional 8,667 shares in the last quarter. Pier Capital LLC acquired a new position in NV5 Global during the second quarter valued at approximately $4,954,000. First National Bank of Hutchinson acquired a new position in NV5 Global during the third quarter valued at approximately $326,000. Russell Investments Group Ltd. lifted its position in NV5 Global by 51.2% during the second quarter. Russell Investments Group Ltd. now owns 416,145 shares of the business services provider’s stock valued at $17,686,000 after buying an additional 140,830 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in NV5 Global by 5.4% during the first quarter. Vanguard Group Inc. now owns 313,943 shares of the business services provider’s stock valued at $11,804,000 after buying an additional 16,034 shares in the last quarter. 56.28% of the stock is currently 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.
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