Everus (NYSE:ECG) Price Target Cut to $67.00 by Analysts at Stifel Nicolaus

Everus (NYSE:ECG - Get Free Report) had its price target decreased by stock analysts at Stifel Nicolaus from $85.00 to $67.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 39.03% from the company's current price.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer lifted 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. Wolfe Research initiated coverage on Everus in a research report on Tuesday, December 3rd. They set a "peer perform" rating for the company. Finally, DA Davidson initiated coverage on Everus in a research report on Monday, November 4th. They set a "neutral" rating and a $55.00 price objective for the company.

Everus Price Performance

Shares of ECG traded down $1.35 on Thursday, hitting $48.19. 1,010,355 shares of the stock traded hands, compared to its average volume of 591,388. 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 firm has a 50 day simple moving average of $67.94. Everus has a one year low of $40.05 and a one year high of $77.93.

Everus (NYSE:ECG - Get Free Report) last issued its 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). As a group, equities research analysts anticipate that Everus will post 2.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. bought a new position in Everus in the 4th quarter worth $26,000. Principal Securities Inc. bought a new position in shares of Everus in the fourth quarter worth about $27,000. HighMark Wealth Management LLC bought a new position in shares of Everus in the fourth quarter worth about $28,000. Crews Bank & Trust bought a new position in shares of Everus in the fourth quarter worth about $29,000. Finally, Mendota Financial Group LLC bought a new position in shares of Everus in the fourth quarter worth about $36,000.

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.