Everus (NYSE:ECG) Reaches New 12-Month High on Analyst Upgrade

Shares of Everus (NYSE:ECG) reached a new 52-week high during trading on Thursday after Stifel Nicolaus raised their price target on the stock from $71.00 to $78.00. Stifel Nicolaus currently has a buy rating on the stock. Everus traded as high as $71.04 and last traded at $69.96, with a volume of 267854 shares trading hands. The stock had previously closed at $67.83.

Other research analysts also recently issued research reports about the stock. Oppenheimer assumed coverage on shares of Everus in a report on Wednesday, December 4th. They issued an “outperform” rating and a $70.00 price target for the company. Wolfe Research started coverage on Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Finally, DA Davidson assumed coverage on Everus in a research report on Monday, November 4th. They set a “neutral” rating and a $55.00 target price on the stock.

Everus Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58.

Everus 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.