Everus (NYSE:ECG) Price Target Raised to $71.00

Everus (NYSE:ECG) had its price objective boosted by equities researchers at Stifel Nicolaus from $55.00 to $71.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 19.56% from the stock’s current price.

Separately, DA Davidson boosted their price target on shares of Everus from $58.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday.

Everus Trading Down 3.0%

Shares of ECG stock opened at $59.39 on Friday. Everus has a 12 month low of $31.38 and a 12 month high of $77.93. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $41.05 and a 200 day moving average price of $54.31.

Everus (NYSE:ECG) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.29. The company had revenue of $826.63 million during the quarter, compared to analysts’ expectations of $676.35 million. As a group, sell-side analysts expect that Everus will post 2.49 earnings per share for the current year.

Insider Activity

In other Everus news, Director Rocca Michael Della bought 1,050 shares of Everus stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the completion of the acquisition, the director now owns 2,027 shares of the company’s stock, valued at approximately $96,404.12. This represents a 107.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward A. Ryan bought 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, with a total value of $53,228.00. Following the completion of the acquisition, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. The trade was a 10.35% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 3,750 shares of company stock valued at $153,853. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Everus

Institutional investors and hedge funds have recently made changes to their positions in the business. Tompkins Financial Corp purchased a new position in Everus during the first quarter worth about $25,000. SRS Capital Advisors Inc. purchased a new position in Everus during the fourth quarter worth about $26,000. Principal Securities Inc. purchased a new position in Everus during the fourth quarter worth about $27,000. GAMMA Investing LLC raised its holdings in Everus by 295.6% during the first quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock worth $27,000 after purchasing an additional 538 shares in the last quarter. Finally, HighMark Wealth Management LLC purchased a new position in Everus during the fourth quarter worth about $28,000.

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.