Roth Capital Boosts NV5 Global, Inc. (NVEE) Price Target to $60.00
NV5 Global, Inc. (NASDAQ:NVEE) had its price target upped by Roth Capital from $48.00 to $60.00 in a research note published on Thursday morning. They currently have a buy rating on the business services provider’s stock.
A number of other research firms also recently commented on NVEE. Zacks Investment Research downgraded NV5 Global from a buy rating to a hold rating in a report on Wednesday, October 4th. ValuEngine downgraded NV5 Global from a buy rating to a hold rating in a report on Monday, October 2nd. Seaport Global Securities restated a buy rating and issued a $61.00 price target (up from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. Finally, BidaskClub downgraded NV5 Global from a buy rating to a hold rating in a report on Wednesday, July 19th. Three 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 an average rating of Buy and an average price target of $58.00.
Shares of NV5 Global (NASDAQ NVEE) traded down $0.20 on Thursday, hitting $51.75. The stock had a trading volume of 59,800 shares, compared to its average volume of 63,680. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41. NV5 Global has a twelve month low of $32.35 and a twelve month high of $58.95. The firm has a market capitalization of $558.15, a price-to-earnings ratio of 24.18, a PEG ratio of 1.11 and a beta of 1.44.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, beating 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 return on equity of 14.75% and a net margin of 5.23%. equities analysts predict that NV5 Global will post 2.34 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. S Squared Technology LLC boosted 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 purchasing an additional 8,667 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of NV5 Global in the second quarter valued at approximately $4,954,000. First National Bank of Hutchinson acquired a new stake in shares of NV5 Global in the third quarter valued at approximately $326,000. Russell Investments Group Ltd. lifted its position in shares of NV5 Global by 51.2% in 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 during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of NV5 Global by 5.4% in 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 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.
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