Stifel Nicolaus Has Lowered Expectations for Everus (NYSE:ECG) Stock Price

Everus (NYSE:ECG) had its price target reduced by investment analysts at Stifel Nicolaus from $85.00 to $67.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 39.03% from the stock’s current price.

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

Everus Price Performance

ECG stock opened at $48.19 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Everus has a 12-month low of $40.05 and a 12-month high of $77.93. The firm’s 50 day moving average price is $67.94.

Everus (NYSE:ECG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, sell-side analysts forecast that Everus will post 2.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ECG. SRS Capital Advisors Inc. acquired a new position in shares of Everus during the fourth quarter valued at $26,000. Principal Securities Inc. bought a new position in Everus during the fourth quarter valued at about $27,000. HighMark Wealth Management LLC bought a new position in Everus during the fourth quarter valued at about $28,000. Crews Bank & Trust bought a new position in Everus during the fourth quarter valued at about $29,000. Finally, Mendota Financial Group LLC bought a new position in Everus during the fourth quarter valued at about $36,000.

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.