Everus (NYSE:ECG) Reaches New 12-Month High – Time to Buy?

Everus (NYSE:ECG)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $74.44 and last traded at $74.15, with a volume of 19605 shares. The stock had previously closed at $72.50.

Analysts Set New Price Targets

Several research firms have recently issued reports on ECG. Stifel Nicolaus upped their target price on Everus from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. DA Davidson began coverage on shares of Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price target on the stock. Finally, Wolfe Research began coverage on shares of Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating for the company.

Everus Stock Performance

The company’s 50-day simple moving average is $67.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

Everus (NYSE:ECG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 EPS for the quarter. The firm had revenue of $760.99 million for the quarter. As a group, sell-side analysts forecast that Everus will post 2.83 earnings per share for the current fiscal year.

Institutional Trading of Everus

Several institutional investors and hedge funds have recently modified their holdings of the business. Crews Bank & Trust bought a new position in shares of Everus in the fourth quarter worth approximately $29,000. Swedbank AB purchased a new position in Everus in the 4th quarter worth approximately $1,644,000. Moody Aldrich Partners LLC bought a new position in shares of Everus in the 4th quarter worth $4,359,000. Cascade Investment Advisors Inc. purchased a new stake in shares of Everus during the 4th quarter valued at $1,272,000. Finally, KBC Group NV bought a new stake in shares of Everus during the 4th quarter worth $150,000.

About Everus

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.