NV5 Global (NASDAQ:NVEE) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday. The firm currently has a $62.00 price target on the business services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.24% from the stock’s previous close.
According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
Separately, BidaskClub raised NV5 Global from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $58.80.
NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, March 8th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $93.98 million during the quarter, compared to analysts’ expectations of $96.35 million. NV5 Global had a return on equity of 16.44% and a net margin of 7.21%. analysts predict that NV5 Global will post 3.07 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVEE. Wells Fargo & Company MN raised its holdings in shares of NV5 Global by 2.5% in the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after acquiring an additional 126 shares during the last quarter. Northern Trust Corp raised its holdings in shares of NV5 Global by 6.2% in the second quarter. Northern Trust Corp now owns 120,024 shares of the business services provider’s stock worth $5,102,000 after acquiring an additional 6,997 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of NV5 Global by 7.5% in the second quarter. Vanguard Group Inc. now owns 337,429 shares of the business services provider’s stock worth $14,341,000 after acquiring an additional 23,486 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of NV5 Global by 67.7% in the second quarter. Parametric Portfolio Associates LLC now owns 24,479 shares of the business services provider’s stock worth $1,040,000 after acquiring an additional 9,883 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of NV5 Global by 13.9% in the second quarter. State Street Corp now owns 127,923 shares of the business services provider’s stock worth $5,438,000 after acquiring an additional 15,601 shares during the last quarter. 56.52% of the stock is owned by institutional investors.
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About NV5 Global
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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