Stifel Nicolaus Raises Everus (NYSE:ECG) Price Target to $85.00

Everus (NYSE:ECG) had its price target hoisted by stock analysts at Stifel Nicolaus from $78.00 to $85.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 11.61% from the company’s previous close.

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

Everus Stock Performance

Shares of NYSE:ECG traded up $0.82 during midday trading on Friday, hitting $76.16. 96,719 shares of the company’s stock traded hands, compared to its average volume of 536,932. Everus has a twelve month low of $40.05 and a twelve month high of $77.03. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $67.22.

Everus (NYSE:ECG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.82 EPS for the quarter. The firm had revenue of $760.99 million during the quarter. As a group, equities research analysts expect that Everus will post 2.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Everus

A number of institutional investors have recently modified their holdings of ECG. Crews Bank & Trust bought a new position in Everus in the 4th quarter worth about $29,000. Mendota Financial Group LLC bought a new position in Everus in the 4th quarter worth about $36,000. KBC Group NV bought a new position in Everus in the 4th quarter worth about $150,000. SeaCrest Wealth Management LLC bought a new position in Everus in the 4th quarter worth about $292,000. Finally, Cascade Investment Group Inc. bought a new position in Everus in the 4th quarter worth about $329,000.

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.