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 objective lifted by investment analysts at Stifel Nicolaus from $83.00 to $88.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 12.06% from the stock's current price.

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

Everus Construction Group Stock Up 1.2%

Shares of Everus Construction Group stock traded up $0.96 on Thursday, reaching $78.53. 24,715 shares of the company were exchanged, compared to its average volume of 630,328. Everus Construction Group has a one year low of $31.38 and a one year high of $90.00. The company has a market capitalization of $4.01 billion and a price-to-earnings ratio of 24.24. 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 50-day moving average of $72.77 and a 200 day moving average of $56.23.

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, topping analysts' consensus estimates of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The company had revenue of $921.47 million for the quarter, compared to analysts' expectations of $749.12 million. The business's quarterly revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Everus Construction Group will post 2.49 earnings per share for the current year.

Institutional Trading of Everus Construction Group

A number of institutional investors have recently modified their holdings of ECG. The Manufacturers Life Insurance Company bought a new stake in shares of Everus Construction Group during the 4th quarter valued at $852,000. Jane Street Group LLC bought a new stake in shares of Everus Construction Group during the 4th quarter worth $1,649,000. Bank of America Corp DE bought a new stake in shares of Everus Construction Group during the 4th quarter worth $4,689,000. Citadel Advisors LLC bought a new stake in shares of Everus Construction Group during the 4th quarter worth $9,697,000. Finally, Cetera Investment Advisers bought a new stake in shares of Everus Construction Group during the 4th quarter worth $1,046,000.

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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