Everus Construction Group, Inc. (NYSE:ECG) Given Average Recommendation of “Moderate Buy” by Brokerages

Everus Construction Group, Inc. (NYSE:ECG) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $100.3333.

A number of analysts have commented on ECG shares. Stifel Nicolaus raised their price objective on Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th.

Everus Construction Group Stock Up 2.0%

ECG stock opened at $88.97 on Monday. The company has a 50-day moving average of $90.60 and a two-hundred day moving average of $78.80. Everus Construction Group has a 52-week low of $31.38 and a 52-week high of $103.08. The stock has a market capitalization of $4.54 billion and a price-to-earnings ratio of 25.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.62 by $0.49. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The firm had revenue of $986.82 million during the quarter, compared to analysts’ expectations of $830.60 million. During the same period in the prior year, the company earned $0.82 EPS. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Everus Construction Group will post 2.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ECG. Capital International Investors acquired a new position in shares of Everus Construction Group during the third quarter valued at $165,993,000. Invesco Ltd. increased its holdings in shares of Everus Construction Group by 86.4% in the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after acquiring an additional 832,389 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Everus Construction Group by 58.2% in the first quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock valued at $47,405,000 after buying an additional 470,025 shares in the last quarter. Swedbank AB bought a new position in Everus Construction Group during the 2nd quarter worth about $19,059,000. Finally, Merewether Investment Management LP bought a new stake in Everus Construction Group in the 3rd quarter valued at approximately $24,842,000.

About Everus Construction Group

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.