Everus Construction Group, Inc. (NYSE:ECG) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

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Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $80.3333.

Several analysts recently weighed in on ECG shares. Wall Street Zen raised shares of Everus Construction Group from a "hold" rating to a "buy" rating in a report on Saturday. Stifel Nicolaus increased their price objective on Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a report on Friday, July 11th. DA Davidson set a $88.00 price target on Everus Construction Group and gave the stock a "neutral" rating in a research note on Thursday. Oppenheimer upped their price target on Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Zacks Research raised Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th.

Institutional Trading of Everus Construction Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tompkins Financial Corp acquired a new stake in Everus Construction Group in the 1st quarter worth about $25,000. Geneos Wealth Management Inc. lifted its position in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company's stock worth $25,000 after acquiring an additional 198 shares in the last quarter. GAMMA Investing LLC lifted its position in Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock worth $27,000 after acquiring an additional 538 shares in the last quarter. Signaturefd LLC lifted its position in Everus Construction Group by 91.6% during the 2nd quarter. Signaturefd LLC now owns 435 shares of the company's stock worth $28,000 after acquiring an additional 208 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in Everus Construction Group during the 1st quarter worth approximately $31,000.

Everus Construction Group Stock Up 0.7%

NYSE ECG opened at $76.22 on Tuesday. Everus Construction Group has a 52 week low of $31.38 and a 52 week high of $90.00. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The business's fifty day simple moving average is $67.50 and its 200-day simple moving average is $53.99. The firm has a market cap of $3.89 billion and a PE ratio of 23.52.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.42. The firm had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The firm's revenue for the quarter was up 31.0% on a year-over-year basis. As a group, equities analysts anticipate that Everus Construction Group will post 2.49 earnings per share for the current year.

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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