Everus (NYSE:ECG) Shares Down 5.8% – What’s Next?

Everus (NYSE:ECG) shares traded down 5.8% during trading on Friday . The stock traded as low as $69.08 and last traded at $69.31. 169,504 shares were traded during mid-day trading, a decline of 75% from the average session volume of 672,639 shares. The stock had previously closed at $73.61.

Wall Street Analysts Forecast Growth

ECG has been the subject of a number of research analyst reports. DA Davidson assumed coverage on Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 target price for the company. Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating for the company. Stifel Nicolaus raised their target price on shares of Everus from $71.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Oppenheimer initiated coverage on Everus in a report on Wednesday, December 4th. They set an “outperform” rating and a $70.00 target price on the stock.

Everus Stock Performance

The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus 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.