Everus (NYSE:ECG) Reaches New 1-Year High – Here’s What Happened

Everus (NYSE:ECG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.83 and last traded at $73.03, with a volume of 132060 shares changing hands. The stock had previously closed at $69.34.

Wall Street Analysts Forecast Growth

ECG has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Everus from $71.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. DA Davidson assumed coverage on shares of Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 price objective for the company. Oppenheimer lifted their target price on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Wolfe Research began coverage on Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating on the stock.

Everus Stock Performance

The stock’s 50-day simple moving average is $65.62. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mendota Financial Group LLC bought a new stake in shares of Everus in the 4th quarter valued at approximately $36,000. Forza Wealth Management LLC bought a new position in shares of Everus during the 4th quarter valued at approximately $336,000. SeaCrest Wealth Management LLC purchased a new stake in Everus during the 4th quarter valued at $292,000. Finally, Hennessy Advisors Inc. bought a new stake in Everus in the fourth quarter worth $31,611,000.

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.