Everus Construction Group, Inc. (NYSE:ECG) Receives $102.75 Average PT from Brokerages

Shares of Everus Construction Group, Inc. (NYSE:ECG) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $102.75.

Several equities analysts recently commented on the stock. DA Davidson set a $102.00 target price on shares of Everus Construction Group in a research note on Thursday, November 6th. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday, January 22nd. Finally, Guggenheim assumed coverage on Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating on the stock.

Institutional Trading of Everus Construction Group

A number of institutional investors and hedge funds have recently modified their holdings of ECG. Wasatch Advisors LP bought a new position in Everus Construction Group in the fourth quarter worth $184,838,000. Capital International Investors acquired a new position in shares of Everus Construction Group in the 3rd quarter valued at $165,993,000. Invesco Ltd. raised its stake in shares of Everus Construction Group by 86.4% in the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after buying an additional 832,389 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Everus Construction Group by 5.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after acquiring an additional 72,775 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Everus Construction Group by 147,209.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock valued at $107,889,000 after acquiring an additional 1,260,117 shares in the last quarter.

Everus Construction Group Stock Down 1.2%

Shares of ECG stock opened at $101.30 on Tuesday. Everus Construction Group has a 12 month low of $31.38 and a 12 month high of $105.52. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.17 billion, a PE ratio of 28.70 and a beta of 3.84. The stock has a 50 day moving average of $90.89 and a 200-day moving average of $85.82.

Everus Construction Group 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. Everus Construction Group is based in BISMARCK, N.D.