Everus (NYSE:ECG) Trading 5.9% Higher – Here’s What Happened

Shares of Everus (NYSE:ECG) were up 5.9% during trading on Friday . The stock traded as high as $69.99 and last traded at $70.17. Approximately 129,997 shares traded hands during trading, a decline of 69% from the average daily volume of 424,227 shares. The stock had previously closed at $66.29.

Analysts Set New Price Targets

Several research firms have recently weighed in on ECG. DA Davidson initiated coverage on shares of Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price target for the company. Oppenheimer increased 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. Stifel Nicolaus boosted their price target on Everus from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Wolfe Research initiated coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating for the company.

Everus Price Performance

The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The business’s 50-day simple moving average is $66.02.

Institutional Trading of Everus

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mendota Financial Group LLC acquired a new position in Everus during the fourth quarter valued at approximately $36,000. Hennessy Advisors Inc. acquired a new stake in shares of Everus in the 4th quarter valued at approximately $31,611,000. Forza Wealth Management LLC bought a new position in shares of Everus in the fourth quarter valued at $336,000. SG Americas Securities LLC acquired a new position in Everus during the fourth quarter worth $669,000. Finally, Dakota Wealth Management bought a new stake in Everus during the fourth quarter worth $1,219,000.

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.