Everus Construction Group, Inc. (NYSE:ECG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $155.6667.

Several equities research analysts have recently weighed in on ECG shares. Freedom Capital cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Cantor Fitzgerald upped their target price on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th.

Hedge Funds Weigh In On Everus Construction Group

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Everus Construction Group by 126.0% in the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after acquiring an additional 121 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Everus Construction Group in the 4th quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Everus Construction Group in the 4th quarter valued at about $30,000. Finally, McMillan Office Inc. acquired a new position in shares of Everus Construction Group in the 4th quarter valued at about $43,000.

Everus Construction Group Stock Performance

Shares of Everus Construction Group stock opened at $134.83 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. Everus Construction Group has a twelve month low of $65.27 and a twelve month high of $171.58. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 30.92 and a beta of 2.23. The company’s fifty day moving average is $150.02 and its 200 day moving average is $124.87.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.33. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.Everus Construction Group’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. Sell-side analysts forecast that Everus Construction Group will post 4.39 EPS for the current year.

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. Everus Construction Group is based in BISMARCK, N.D.