Everus Construction Group (NYSE:ECG) Upgraded to Buy at Wall Street Zen

Key Points

• Everus Construction Group's stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, indicating a positive outlook for the company's performance.
• Analysts have set target prices for Everus Construction Group, with a consensus price of $80.33, reflecting overall optimism among market analysts.
• In its latest earnings report, Everus Construction Group posted $1.03 EPS, significantly exceeding analysts' expectations and showcasing a 31% year-over-year revenue growth.

Everus Construction Group (NYSE:ECG - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other research firms have also recently weighed in on ECG. Stifel Nicolaus boosted their price objective on shares of Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Oppenheimer boosted their price objective on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, DA Davidson boosted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.33.

Everus Construction Group Trading Down 0.9%

ECG stock traded down $0.6770 during mid-day trading on Friday, reaching $74.6930. 589,067 shares of the stock traded hands, compared to its average volume of 664,209. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. Everus Construction Group has a one year low of $31.38 and a one year high of $90.00. The stock has a market capitalization of $3.81 billion and a PE ratio of 23.05. The business has a 50-day moving average price of $68.10 and a two-hundred day moving average price of $54.28.

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

Institutional Trading of Everus Construction Group

A number of large investors have recently made changes to their positions in the stock. Brady Martz Wealth Solutions LLC lifted its stake in Everus Construction Group by 2.3% in the second quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company's stock worth $435,000 after acquiring an additional 154 shares during the period. Geneos Wealth Management Inc. lifted its stake in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company's stock worth $25,000 after acquiring an additional 198 shares during the period. Signaturefd LLC lifted its stake in Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company's stock worth $28,000 after acquiring an additional 208 shares during the period. Yousif Capital Management LLC lifted its stake in Everus Construction Group by 1.1% in the second quarter. Yousif Capital Management LLC now owns 19,077 shares of the company's stock worth $1,212,000 after acquiring an additional 215 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Everus Construction Group by 30.1% in the second quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $60,000 after acquiring an additional 217 shares during the period.

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.