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

Shares of Everus Construction Group, Inc. (NYSE:ECG) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $102.75.

ECG has been the subject of a number of research reports. Cantor Fitzgerald assumed coverage on shares of Everus Construction Group in a report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. DA Davidson restated a “neutral” rating and issued a $102.00 price target on shares of Everus Construction Group in a research report on Wednesday, February 25th. Guggenheim assumed coverage on Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating for the company. Finally, Stifel Nicolaus lowered their target price on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, January 26th.

Institutional Investors Weigh In On Everus Construction Group

Several hedge funds have recently modified their holdings of ECG. Royal Bank of Canada increased 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 period. Millennium Management LLC raised its position in Everus Construction Group by 42.7% during the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after buying an additional 73,128 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Everus Construction Group by 74.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $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 lifted its stake in shares of Everus Construction Group by 33.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock worth $5,207,000 after acquiring an additional 34,868 shares during the period. Finally, Jane Street Group LLC boosted its holdings 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 valued at $2,645,000 after acquiring an additional 46,247 shares in the last quarter.

Everus Construction Group Stock Performance

Shares of ECG opened at $124.24 on Wednesday. The company’s 50 day simple moving average is $109.05 and its 200-day simple moving average is $95.65. The firm has a market cap of $6.34 billion, a PE ratio of 31.53 and a beta of 2.88. Everus Construction Group has a 12-month low of $31.38 and a 12-month high of $137.64. The company has a current ratio of 1.76, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.

Everus Construction Group (NYSE:ECG) last released its quarterly 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 EPS. Everus Construction Group’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, equities analysts predict that Everus Construction Group will post 2.49 EPS for the current year.

About Everus Construction Group

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.