Stifel Nicolaus Forecasts Strong Price Appreciation for Everus (NYSE:ECG) Stock

Everus (NYSE:ECG) had its price target increased by equities research analysts at Stifel Nicolaus from $71.00 to $78.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 17.58% from the stock’s current price.

Several other analysts have also weighed in on the company. DA Davidson initiated coverage on Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective for the company. Wolfe Research initiated coverage on Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating for the company. Finally, Oppenheimer assumed coverage on Everus in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $70.00 price objective for the company.

Everus Price Performance

ECG stock opened at $66.34 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. Everus has a 52-week low of $40.05 and a 52-week high of $70.37.

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.