Everus Construction Group, Inc. (NYSE:ECG) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Everus Construction Group, Inc. has been given a consensus rating of "Moderate Buy" by six analysts, with an average target price of $88.67 for the stock.
• The company reported earnings of $1.03 per share, exceeding estimates of $0.61 and showcasing a 31% year-over-year revenue growth.
• Hedge funds have increased their stakes in Everus Construction Group, with Geneos Wealth Management, for example, raising its holdings by 105.3% in the second quarter.

Shares of Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $88.6667.

Several analysts recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Everus Construction Group in a report on Saturday, September 27th. Wall Street Zen downgraded Everus Construction Group from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 14th. Oppenheimer set a $90.00 target price on Everus Construction Group and gave the stock an "outperform" rating in a report on Tuesday. Stifel Nicolaus lifted their target price on Everus Construction Group from $83.00 to $88.00 and gave the stock a "buy" rating in a report on Thursday, September 11th. Finally, Zacks Research upgraded shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th.

Everus Construction Group Trading Up 1.0%

Shares of Everus Construction Group stock opened at $82.68 on Wednesday. The business has a fifty day simple moving average of $77.59 and a two-hundred day simple moving average of $61.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. The company has a market capitalization of $4.22 billion and a price-to-earnings ratio of 25.52. Everus Construction Group has a 1 year low of $31.38 and a 1 year high of $90.00.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.42. The company had revenue of $921.47 million during the quarter, compared to analysts' expectations of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The business's quarterly revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. Research analysts forecast that Everus Construction Group will post 2.49 EPS for the current year.

Hedge Funds Weigh In On Everus Construction Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its holdings in Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company's stock valued at $25,000 after acquiring an additional 198 shares in the last quarter. Signaturefd LLC raised its stake in Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company's stock valued at $28,000 after purchasing an additional 208 shares in the last quarter. Country Trust Bank acquired a new position in Everus Construction Group in the second quarter valued at about $31,000. GHP Investment Advisors Inc. acquired a new position in Everus Construction Group in the second quarter valued at about $37,000. Finally, Hilltop National Bank acquired a new position in shares of Everus Construction Group in the 2nd quarter valued at approximately $41,000.

Everus Construction Group 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.

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