Stifel Nicolaus Cuts Everus (NYSE:ECG) Price Target to $55.00

Everus (NYSE:ECG) had its target price cut by Stifel Nicolaus from $67.00 to $55.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th.

Everus Trading Up 1.3 %

Shares of Everus stock opened at $38.45 on Wednesday. The firm’s 50-day moving average price is $43.17. Everus has a 52-week low of $31.38 and a 52-week high of $77.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

Everus (NYSE:ECG) last posted its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Equities research analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Everus news, CFO Maximillian J. Marcy acquired 1,300 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the purchase, the chief financial officer now owns 5,508 shares of the company’s stock, valued at approximately $214,756.92. This trade represents a 30.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward A. Ryan bought 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $38.02 per share, with a total value of $53,228.00. Following the purchase, the director now owns 14,928 shares in the company, valued at $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 3,750 shares of company stock valued at $153,853.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ECG. Tompkins Financial Corp acquired a new stake in shares of Everus in the first quarter worth $25,000. SRS Capital Advisors Inc. acquired a new stake in Everus in the 4th quarter worth $26,000. Principal Securities Inc. acquired a new stake in Everus in the 4th quarter worth $27,000. HighMark Wealth Management LLC bought a new position in shares of Everus during the 4th quarter worth about $28,000. Finally, Crews Bank & Trust acquired a new position in shares of Everus during the fourth quarter valued at about $29,000.

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.