Everus Construction Group (NYSE:ECG) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Everus Construction Group's stock rating has been upgraded to "Strong-Buy" by Wall Street Zen, reflecting growing confidence among analysts.
• The company's quarterly earnings beat estimates significantly, reporting $1.03 EPS against a consensus of $0.61, with a revenue increase of 31.0% year-over-year.
• Shares for Everus Construction Group have recently declined by 3.9%, with a current market price of $74.35.

Everus Construction Group (NYSE:ECG - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Other research analysts have also recently issued research reports about the company. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Stifel Nicolaus boosted their price target on Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Oppenheimer boosted 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, DA Davidson boosted their price target on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $80.33.

Everus Construction Group Stock Down 3.9%

Shares of NYSE:ECG opened at $74.35 on Friday. The company has a market capitalization of $3.79 billion and a PE ratio of 22.95. 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 business has a fifty day moving average price of $72.00 and a two-hundred day moving average price of $55.60. 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 announced its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.42. The firm had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.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. Analysts forecast that Everus Construction Group will post 2.49 earnings per share for the current year.

Institutional Investors Weigh In On Everus Construction Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECG. The Manufacturers Life Insurance Company purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $852,000. Northern Trust Corp purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $30,076,000. Comerica Bank purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $1,791,000. Jane Street Group LLC purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $1,649,000. Finally, Algert Global LLC purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $1,541,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.