Cantor Fitzgerald Increases Everus Construction Group (NYSE:ECG) Price Target to $174.00

Everus Construction Group (NYSE:ECG) had its target price hoisted by analysts at Cantor Fitzgerald from $115.00 to $174.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 5.92% from the company’s previous close.

Other analysts also recently issued reports about the stock. DA Davidson reissued a “neutral” rating and set a $102.00 price objective on shares of Everus Construction Group in a research report on Wednesday, February 25th. Glj Research initiated coverage on Everus Construction Group in a research note on Monday, April 20th. They issued a “hold” rating and a $141.00 price target for the company. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen lowered Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $154.83.

Everus Construction Group Trading Up 0.6%

NYSE ECG opened at $164.27 on Monday. Everus Construction Group has a 1-year low of $47.77 and a 1-year high of $171.58. The firm has a market cap of $8.38 billion, a PE ratio of 37.27 and a beta of 2.55. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $125.94 and a 200-day moving average of $103.97.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.33. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. Everus Construction Group’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. As a group, sell-side analysts forecast that Everus Construction Group will post 4.32 EPS for the current year.

Institutional Trading of Everus Construction Group

Institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its stake in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares during the period. Root Financial Partners LLC grew its holdings in Everus Construction Group by 126.0% during the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Everus Construction Group during the fourth quarter valued at $28,000. Bessemer Group Inc. lifted its position in Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after buying an additional 137 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Everus Construction Group during the fourth quarter valued at $30,000.

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. Everus Construction Group is based in BISMARCK, N.D.