Stifel Nicolaus Issues Pessimistic Forecast for Everus (NYSE:ECG) Stock Price

Everus (NYSE:ECG) had its target price lowered by stock analysts at Stifel Nicolaus from $85.00 to $67.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 39.03% from the company’s previous close.

ECG has been the topic of a number of other research reports. Oppenheimer lifted their price target on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. DA Davidson started coverage on Everus in a research note on Monday, November 4th. They issued a “neutral” rating and a $55.00 price target on the stock. Finally, Wolfe Research initiated coverage on Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating on the stock.

Everus Stock Down 2.7 %

Shares of ECG stock opened at $48.19 on Thursday. The company’s 50-day moving average price is $67.94. Everus has a fifty-two week low of $40.05 and a fifty-two week high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). On average, equities research analysts anticipate that Everus will post 2.87 EPS for the current year.

Hedge Funds Weigh In On Everus

Several institutional investors and hedge funds have recently bought and sold shares of ECG. Forza Wealth Management LLC purchased a new position in Everus during the 4th quarter valued at about $336,000. Mendota Financial Group LLC acquired a new stake in shares of Everus during the 4th quarter valued at about $36,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Everus during the 4th quarter valued at about $292,000. Hennessy Advisors Inc. acquired a new stake in shares of Everus during the 4th quarter valued at about $31,611,000. Finally, Brady Martz Wealth Solutions LLC acquired a new stake in shares of Everus during the 4th quarter valued at about $472,000.

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.