Analysts Set NV5 Global, Inc. (NASDAQ:NVEE) PT at $25.67

Shares of NV5 Global, Inc. (NASDAQ:NVEE) have received an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.67.

Several equities research analysts have weighed in on NVEE shares. CJS Securities cut shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 10th. Roth Mkm lifted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st. William Blair reiterated a “market perform” rating on shares of NV5 Global in a report on Thursday, May 15th. Sidoti upgraded shares of NV5 Global to a “hold” rating in a report on Friday, May 16th. Finally, Maxim Group decreased their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

Institutional Trading of NV5 Global

A number of institutional investors have recently modified their holdings of the business. Swiss National Bank increased its holdings in shares of NV5 Global by 306.0% in the 4th quarter. Swiss National Bank now owns 115,300 shares of the business services provider’s stock worth $2,172,000 after buying an additional 86,900 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in NV5 Global by 1,572.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock worth $28,462,000 after acquiring an additional 1,420,417 shares during the last quarter. Amundi boosted its position in NV5 Global by 998.0% during the 4th quarter. Amundi now owns 25,178 shares of the business services provider’s stock valued at $482,000 after acquiring an additional 22,885 shares in the last quarter. Geode Capital Management LLC boosted its position in NV5 Global by 298.3% during the 4th quarter. Geode Capital Management LLC now owns 1,302,719 shares of the business services provider’s stock valued at $24,549,000 after acquiring an additional 975,677 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in NV5 Global by 351.6% during the 4th quarter. Wells Fargo & Company MN now owns 109,922 shares of the business services provider’s stock valued at $2,071,000 after acquiring an additional 85,582 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Trading Up 0.6%

Shares of NVEE stock opened at $22.92 on Friday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global has a fifty-two week low of $14.75 and a fifty-two week high of $26.14. The firm’s 50 day moving average price is $19.50 and its two-hundred day moving average price is $18.99.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The business had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. On average, analysts anticipate that NV5 Global will post 1.26 EPS for the current year.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.