Stifel Nicolaus Issues Positive Forecast for Everus (NYSE:ECG) Stock Price

Everus (NYSE:ECG) had its price target upped by Stifel Nicolaus from $78.00 to $85.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued reports about the company. Wolfe Research assumed coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating for the company. DA Davidson initiated coverage on Everus in a research note on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Oppenheimer raised their price objective on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th.

Everus Stock Up 2.6 %

ECG stock opened at $77.28 on Friday. The company’s fifty day simple moving average is $67.64. 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 has a fifty-two week low of $40.05 and a fifty-two week high of $77.93.

Everus (NYSE:ECG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $760.99 million during the quarter. Equities analysts anticipate that Everus will post 2.83 EPS for the current year.

Institutional Investors Weigh In On Everus

A number of hedge funds and other institutional investors have recently bought and sold shares of ECG. Crews Bank & Trust bought a new stake in shares of Everus in the fourth quarter worth $29,000. Mendota Financial Group LLC acquired a new stake in Everus during the fourth quarter worth approximately $36,000. KBC Group NV bought a new stake in shares of Everus in the 4th quarter valued at $150,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Everus in the 4th quarter valued at about $292,000. Finally, Cascade Investment Group Inc. bought a new stake in Everus in the 4th quarter valued at about $329,000.

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.