Everus (NYSE:ECG) Price Target Raised to $85.00 at Stifel Nicolaus

Everus (NYSE:ECG) had its target price increased by Stifel Nicolaus from $78.00 to $85.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Oppenheimer upped their price objective on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. DA Davidson started coverage on shares of Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating for the company.

Everus Stock Performance

ECG stock opened at $77.28 on Friday. The firm has a 50 day moving average of $67.64. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Everus has a 1 year low of $40.05 and a 1 year high of $77.93.

Everus (NYSE:ECG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The firm had revenue of $760.99 million during the quarter. As a group, equities research analysts predict that Everus will post 2.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Everus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in Everus during the 4th quarter worth $29,000. Mendota Financial Group LLC acquired a new position in Everus in the 4th quarter valued at about $36,000. KBC Group NV purchased a new stake in Everus during the 4th quarter valued at approximately $150,000. SeaCrest Wealth Management LLC purchased a new position in shares of Everus in the 4th quarter valued at approximately $292,000. Finally, Cascade Investment Group Inc. acquired a new position in shares of Everus in the fourth quarter valued at approximately $329,000.

Everus 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.