Everus Construction Group (NYSE:ECG) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Everus Construction Group (NYSE:ECG) from a buy rating to a strong-buy rating in a report published on Saturday morning.

Other analysts also recently issued research reports about the stock. Oppenheimer lifted their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Stifel Nicolaus lifted their target price on shares of Everus Construction Group from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, DA Davidson lifted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Everus Construction Group has a consensus rating of “Moderate Buy” and an average target price of $80.33.

Everus Construction Group Stock Up 1.2%

Shares of NYSE ECG opened at $75.06 on Friday. The company has a 50 day simple moving average of $72.23 and a 200-day simple moving average of $55.95. The company has a market capitalization of $3.83 billion and a P/E ratio of 23.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. Everus Construction Group has a 1 year low of $31.38 and a 1 year high of $90.00.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.42. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The business had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Everus Construction Group will post 2.49 earnings per share for the current year.

Hedge Funds Weigh In On Everus Construction Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECG. Westwood Holdings Group Inc. purchased a new stake in shares of Everus Construction Group during the 1st quarter worth $75,089,000. Naya Capital Management UK Ltd. purchased a new stake in shares of Everus Construction Group during the 4th quarter worth $48,619,000. Alliancebernstein L.P. lifted its position in shares of Everus Construction Group by 58.2% during the 1st quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock worth $47,405,000 after purchasing an additional 470,025 shares during the last quarter. Northern Trust Corp purchased a new stake in shares of Everus Construction Group during the 4th quarter worth $30,076,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Everus Construction Group during the 4th quarter worth $23,074,000.

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.