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

Everus (NYSE:ECG) had its price objective reduced by 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 25.06% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Oppenheimer lifted their price objective on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Wolfe Research assumed coverage on Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating for the company. Finally, DA Davidson assumed coverage on Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 price objective on the stock.

Everus Stock Performance

Everus stock traded down $2.41 during mid-day trading on Thursday, hitting $53.58. 136,172 shares of the company were exchanged, compared to its average volume of 618,698. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The firm has a 50 day moving average price of $68.72. Everus has a 12-month low of $40.05 and a 12-month high of $77.93.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ECG. Vanguard Group Inc. acquired a new position in shares of Everus during the fourth quarter worth about $365,965,000. Alliancebernstein L.P. acquired a new position in shares of Everus in the fourth quarter worth about $53,131,000. American Century Companies Inc. acquired a new position in shares of Everus in the fourth quarter worth about $49,650,000. Norges Bank acquired a new position in shares of Everus in the fourth quarter worth about $34,672,000. Finally, Hennessy Advisors Inc. acquired a new position in shares of Everus in the fourth quarter worth about $31,611,000.

About Everus

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.