Everus Construction Group (NYSE:ECG) Rating Lowered to Buy at Wall Street Zen

by · The Cerbat Gem

Everus Construction Group (NYSE:ECG – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Everus Construction Group from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Oppenheimer raised their price objective on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Finally, DA Davidson boosted their target price on Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.00.

View Our Latest Report on ECG

Everus Construction Group Price Performance

ECG opened at $79.20 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $73.61 and its 200 day moving average price is $57.21. Everus Construction Group has a fifty-two week low of $31.38 and a fifty-two week high of $90.00. The firm has a market cap of $4.04 billion and a price-to-earnings ratio of 24.44.

Everus Construction Group (NYSE:ECG – Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.42. The company had revenue of $921.47 million for the quarter, compared to analysts’ expectations of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.Everus Construction Group’s revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Everus Construction Group will post 2.49 earnings per share for the current year.

Hedge Funds Weigh In On Everus Construction Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Everus Construction Group by 40.7% during the 1st quarter. Principal Financial Group Inc. now owns 347,556 shares of the company’s stock valued at $12,891,000 after purchasing an additional 100,551 shares during the period. GAMMA Investing LLC raised its position in Everus Construction Group by 295.6% during the first quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock valued at $27,000 after buying an additional 538 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Everus Construction Group in the 1st quarter worth about $716,000. Arizona State Retirement System acquired a new stake in Everus Construction Group during the 1st quarter worth about $515,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Everus Construction Group by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company’s stock valued at $16,397,000 after acquiring an additional 30,961 shares in the last quarter.

Everus Construction Group Company Profile

(Get Free Report)

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.

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