Everus (NYSE:ECG) Trading 5.9% Higher – Time to Buy?

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ECG. Oppenheimer boosted their target price on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Wolfe Research started coverage on Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating for the company. Stifel Nicolaus raised their target price on shares of Everus from $71.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, DA Davidson began 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.

Everus Price Performance

The stock’s 50-day moving average is $66.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mendota Financial Group LLC acquired a new stake in Everus in the 4th quarter valued at $36,000. SeaCrest Wealth Management LLC bought a new position in shares of Everus in the 4th quarter valued at about $292,000. Cascade Investment Group Inc. acquired a new stake in shares of Everus in the fourth quarter valued at about $329,000. Forza Wealth Management LLC bought a new stake in Everus during the fourth quarter worth about $336,000. Finally, Brady Martz Wealth Solutions LLC acquired a new position in Everus during the fourth quarter valued at approximately $472,000.

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.