Stifel Nicolaus Boosts Everus Construction Group (NYSE:ECG) Price Target to $88.00

Key Points

• Stifel Nicolaus has raised its price target for Everus Construction Group (NYSE: ECG) from $83.00 to $88.00, indicating a potential upside of 12.06% from the current stock price.
• The company recently reported $1.03 earnings per share, significantly surpassing analysts' expectations of $0.61, with quarterly revenue growing by 31.0% year-over-year.
• Everus Construction Group has received a mix of ratings from analysts, with an average consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Everus Construction Group (NYSE:ECG - Get Free Report) had its price target raised by research analysts at Stifel Nicolaus from $83.00 to $88.00 in a report released on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price objective suggests a potential upside of 11.70% from the company's current price.

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Oppenheimer increased their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen raised Everus Construction Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 6th. Finally, DA Davidson upped their price target on Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.00.

Everus Construction Group Stock Performance

ECG traded down $0.46 during midday trading on Thursday, reaching $78.78. The company's stock had a trading volume of 112,145 shares, compared to its average volume of 625,334. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $73.61 and a 200 day simple moving average of $57.21. The stock has a market cap of $4.02 billion and a P/E ratio of 24.32. Everus Construction Group has a twelve month low of $31.38 and a twelve month high of $90.00.

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

Institutional Investors Weigh In On Everus Construction Group

Several large investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. bought a new stake in Everus Construction Group in the first quarter valued at $75,089,000. Alliancebernstein L.P. boosted its stake in shares of Everus Construction Group by 5.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company's stock valued at $85,821,000 after purchasing an additional 72,775 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Everus Construction Group by 7.8% in the 1st quarter. Invesco Ltd. now owns 1,071,118 shares of the company's stock worth $39,728,000 after purchasing an additional 77,396 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Everus Construction Group by 4.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company's stock worth $34,754,000 after purchasing an additional 23,716 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Everus Construction Group by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company's stock worth $16,397,000 after purchasing an additional 30,961 shares in the last quarter.

About Everus Construction Group

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.