Everus Construction Group (NYSE:ECG) Price Target Lowered to $152.00 at Cantor Fitzgerald

Everus Construction Group (NYSE:ECG) had its price target lowered by Cantor Fitzgerald from $174.00 to $152.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 8.39% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a research report on Friday, May 8th. Freedom Capital upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Glj Research initiated coverage on Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Everus Construction Group in a research report on Tuesday, August 4th. Finally, Guggenheim increased their price target on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.50.

Everus Construction Group Stock Performance

ECG stock opened at $140.23 on Thursday. The business has a 50 day moving average of $141.91 and a 200-day moving average of $130.59. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34. Everus Construction Group has a 12-month low of $72.43 and a 12-month high of $171.58. The firm has a market cap of $7.16 billion, a PE ratio of 28.22 and a beta of 2.37.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.50. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The business’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. As a group, sell-side analysts expect that Everus Construction Group will post 5.23 earnings per share for the current year.

Insider Buying and Selling

In other Everus Construction Group news, VP Paul R. Sanderson sold 3,300 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the sale, the vice president directly owned 18,950 shares in the company, valued at $2,590,275.50. This represents a 14.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Everus Construction Group

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia purchased a new stake in Everus Construction Group in the second quarter valued at approximately $5,129,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Everus Construction Group during the second quarter valued at about $166,000. Quantbot Technologies LP bought a new stake in Everus Construction Group in the 2nd quarter worth approximately $736,000. Evolve Private Wealth LLC purchased a new stake in Everus Construction Group in the second quarter worth approximately $443,000. Finally, De Lisle Partners LLP purchased a new position in shares of Everus Construction Group during the second quarter worth approximately $59,936,000.

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