Oppenheimer Forecasts Strong Price Appreciation for Everus (NYSE:ECG) Stock

Everus (NYSE:ECG) had its price objective hoisted by stock analysts at Oppenheimer from $70.00 to $80.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 19.72% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. DA Davidson assumed coverage on Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price 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, Wolfe Research assumed coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating on the stock.

Everus Trading Down 3.3 %

ECG opened at $66.82 on Tuesday. Everus has a 12 month low of $40.05 and a 12 month high of $73.73. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $64.99.

Everus 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.