Everus (NYSE:ECG) Trading Down 4.2% – What’s Next?

Shares of Everus (NYSE:ECG) fell 4.2% during mid-day trading on Thursday . The company traded as low as $67.00 and last traded at $67.02. 161,245 shares were traded during trading, a decline of 60% from the average session volume of 406,988 shares. The stock had previously closed at $69.95.

Wall Street Analysts Forecast Growth

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

Everus Stock Up 5.2 %

The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $66.15.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ECG. Mendota Financial Group LLC bought a new position in Everus in the 4th quarter worth $36,000. SeaCrest Wealth Management LLC purchased a new stake in Everus in the 4th quarter worth $292,000. Cascade Investment Group Inc. purchased a new stake in Everus in the 4th quarter worth $329,000. Forza Wealth Management LLC purchased a new stake in Everus in the 4th quarter worth $336,000. Finally, Brady Martz Wealth Solutions LLC purchased a new stake in Everus in the 4th quarter worth $472,000.

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.