Everus (NYSE:ECG) Price Target Raised to $85.00

Everus (NYSE:ECG) had its price target hoisted by Stifel Nicolaus from $78.00 to $85.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

ECG has been the topic of several other research reports. DA Davidson started coverage on shares of Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 price objective on the stock. Wolfe Research began coverage on Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Finally, Oppenheimer raised their price objective on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th.

Everus Price Performance

NYSE ECG opened at $77.28 on Friday. The business’s 50-day simple moving average is $67.64. Everus has a twelve month low of $40.05 and a twelve month high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 EPS for the quarter. The business had revenue of $760.99 million for the quarter. As a group, analysts predict that Everus will post 2.83 earnings per share for the current fiscal year.

Institutional Trading of Everus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crews Bank & Trust acquired a new stake in Everus during the fourth quarter valued at approximately $29,000. Mendota Financial Group LLC bought a new position in shares of Everus during the 4th quarter worth approximately $36,000. KBC Group NV acquired a new stake in Everus in the 4th quarter valued at $150,000. SeaCrest Wealth Management LLC bought a new stake in Everus in the fourth quarter valued at $292,000. Finally, Cascade Investment Group Inc. acquired a new position in Everus during the fourth quarter worth $329,000.

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.