Everus Construction Group (NYSE:ECG) Price Target Raised to $70.00 at Oppenheimer

Everus Construction Group (NYSE:ECG - Get Free Report) had its price objective hoisted by Oppenheimer from $66.00 to $70.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's price target suggests a potential upside of 1.40% from the company's previous close.

Several other analysts have also recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. DA Davidson increased their target price on shares of Everus Construction Group from $58.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th.

Everus Construction Group Price Performance

Shares of ECG stock traded down $0.17 during trading on Friday, reaching $69.04. 4,807 shares of the company's stock traded hands, compared to its average volume of 658,401. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78. The firm's 50-day moving average is $61.01 and its 200 day moving average is $53.70. Everus Construction Group has a 1 year low of $31.38 and a 1 year high of $77.93.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.29. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. The company had revenue of $826.63 million for the quarter, compared to analysts' expectations of $676.35 million. The firm's revenue was up 32.1% compared to the same quarter last year. As a group, sell-side analysts expect that Everus Construction Group will post 2.49 earnings per share for the current year.

Institutional Trading of Everus Construction Group

Several institutional investors and hedge funds have recently made changes to their positions in ECG. Victory Capital Management Inc. purchased a new stake in shares of Everus Construction Group during the 4th quarter valued at $797,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Everus Construction Group during the 4th quarter valued at $921,000. HighTower Advisors LLC bought a new position in shares of Everus Construction Group during the 4th quarter valued at $577,000. Avantax Advisory Services Inc. bought a new position in shares of Everus Construction Group during the 4th quarter valued at $275,000. Finally, Swiss National Bank bought a new position in shares of Everus Construction Group during the 4th quarter valued at $6,266,000.

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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