Everus Construction Group (NYSE:ECG) Rating Increased to Hold at Cantor Fitzgerald

Everus Construction Group (NYSE:ECG) was upgraded by equities research analysts at Cantor Fitzgerald to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Several other equities research analysts have also issued reports on ECG. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of Everus Construction Group in a research note on Thursday, November 6th. Guggenheim initiated coverage on shares of Everus Construction Group in a research report on Thursday. They issued a “neutral” rating for the company. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $99.50.

Everus Construction Group Trading Down 1.0%

Everus Construction Group stock opened at $91.10 on Friday. Everus Construction Group has a 12 month low of $31.38 and a 12 month high of $103.08. 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 stock has a market cap of $4.65 billion, a P/E ratio of 25.81 and a beta of 3.84. The company’s fifty day simple moving average is $89.30 and its 200-day simple moving average is $83.34.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.49. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The firm had revenue of $986.82 million during the quarter, compared to analysts’ expectations of $830.60 million. During the same quarter last year, the firm earned $0.82 earnings per share. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, sell-side analysts forecast that Everus Construction Group will post 2.49 EPS for the current fiscal year.

Institutional Trading of Everus Construction Group

Several large investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in Everus Construction Group by 155.0% in the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after buying an additional 29,689 shares during the last quarter. Millennium Management LLC boosted its holdings in Everus Construction Group by 42.7% during the first quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock valued at $9,066,000 after acquiring an additional 73,128 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Everus Construction Group by 74.4% during the first quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock valued at $6,631,000 after acquiring an additional 76,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Everus Construction Group by 33.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock valued at $5,207,000 after purchasing an additional 34,868 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Everus Construction Group by 184.4% in the first quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock worth $2,645,000 after purchasing an additional 46,247 shares during the period.

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.