Stifel Nicolaus Has Lowered Expectations for Everus (NYSE:ECG) Stock Price

Everus (NYSE:ECG) had its target price dropped by analysts at Stifel Nicolaus from $85.00 to $67.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 25.06% from the stock’s current price.

A number of other analysts have also recently weighed in on ECG. Wolfe Research assumed coverage on Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating for the company. DA Davidson assumed coverage on Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price target for the company. Finally, Oppenheimer raised their price target on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th.

Everus Stock Down 4.3 %

Everus stock traded down $2.41 during mid-day trading on Thursday, reaching $53.58. 136,172 shares of the company were exchanged, compared to its average volume of 618,698. Everus has a twelve month low of $40.05 and a twelve month high of $77.93. The stock has a 50-day moving average price of $68.72. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). As a group, research analysts expect that Everus will post 2.87 earnings per share for the current year.

Hedge Funds Weigh In On Everus

Several hedge funds and other institutional investors have recently bought and sold shares of ECG. SRS Capital Advisors Inc. acquired a new position in Everus during the fourth quarter worth $26,000. Principal Securities Inc. acquired a new position in Everus during the fourth quarter worth $27,000. HighMark Wealth Management LLC acquired a new position in Everus during the fourth quarter worth $28,000. Crews Bank & Trust acquired a new position in Everus during the fourth quarter worth $29,000. Finally, Mendota Financial Group LLC purchased a new position in Everus during the fourth quarter worth $36,000.

About Everus

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.