Brokerages Set Everus Construction Group, Inc. (NYSE:ECG) Price Target at $102.75

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $102.75.

Several research firms have recently weighed in on ECG. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $102.00 target price on shares of Everus Construction Group in a research note on Wednesday, February 25th. Finally, Guggenheim started coverage on Everus Construction Group in a research note on Thursday, January 22nd. They issued a “neutral” rating on the stock.

Hedge Funds Weigh In On Everus Construction Group

Several hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC lifted its position in shares of Everus Construction Group by 13.3% in the fourth quarter. Corient Private Wealth LLC now owns 4,585 shares of the company’s stock worth $393,000 after purchasing an additional 538 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Everus Construction Group during the 4th quarter worth about $1,611,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Everus Construction Group in the 4th quarter valued at about $332,000. Summit Global Investments bought a new stake in Everus Construction Group during the fourth quarter worth about $1,268,000. Finally, Mackenzie Financial Corp raised its holdings in Everus Construction Group by 26.0% during the fourth quarter. Mackenzie Financial Corp now owns 20,765 shares of the company’s stock worth $1,816,000 after acquiring an additional 4,285 shares in the last quarter.

Everus Construction Group Stock Performance

Shares of NYSE:ECG opened at $115.92 on Friday. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 29.42 and a beta of 3.24. The firm’s 50 day simple moving average is $98.23 and its 200 day simple moving average is $90.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.76 and a quick ratio of 1.70. Everus Construction Group has a fifty-two week low of $31.38 and a fifty-two week high of $137.64.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.72 by $0.36. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $879.57 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 33.0% on a year-over-year basis. As a group, sell-side analysts forecast that Everus Construction Group will post 2.49 earnings per share for the current year.

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.