NV5 Global (NVEE) Stock Rating Reaffirmed by Maxim Group

NV5 Global (NASDAQ:NVEE)‘s stock had its “buy” rating restated by investment analysts at Maxim Group in a research report issued to clients and investors on Monday, AnalystRatings.com reports. They currently have a $85.00 target price on the business services provider’s stock, down from their previous target price of $93.00. Maxim Group’s price target suggests a potential upside of 35.26% from the company’s previous close.

The analysts wrote, “Based on NVEE acquisitions and a potential increase in administrative costs as a percent of revenue after acquisitions, we decrease our 2019 GAAP EPS forecast to $2.63 (from $2.78) and our 2020 GAAP EPS to $3.47 (from $3.56).””

A number of other equities research analysts also recently weighed in on the company. Singular Research reiterated a “buy” rating on shares of NV5 Global in a report on Wednesday, March 13th. ValuEngine upgraded NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Roth Capital lowered their target price on NV5 Global from $97.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 8th. Zacks Investment Research downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, BidaskClub upgraded NV5 Global from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $88.00.



NV5 Global stock opened at $62.84 on Monday. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $769.61 million, a P/E ratio of 19.40, a P/E/G ratio of 1.12 and a beta of 1.70. NV5 Global has a one year low of $51.46 and a one year high of $96.70.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.07). The company had revenue of $115.34 million during the quarter, compared to analyst estimates of $116.00 million. NV5 Global had a return on equity of 14.88% and a net margin of 6.42%. Equities analysts predict that NV5 Global will post 3.67 earnings per share for the current fiscal year.

In other news, VP Donald C. Alford sold 9,750 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $60.66, for a total transaction of $591,435.00. Following the completion of the sale, the vice president now owns 42,886 shares in the company, valued at $2,601,464.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William D. Pruitt acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $60.29 per share, with a total value of $120,580.00. Following the acquisition, the director now owns 8,641 shares of the company’s stock, valued at $520,965.89. The disclosure for this purchase can be found here. Insiders own 25.07% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of NV5 Global by 0.8% during the fourth quarter. BlackRock Inc. now owns 672,508 shares of the business services provider’s stock valued at $40,721,000 after acquiring an additional 5,160 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of NV5 Global by 1.0% during the fourth quarter. Lord Abbett & CO. LLC now owns 551,692 shares of the business services provider’s stock valued at $33,405,000 after acquiring an additional 5,572 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NV5 Global by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 521,018 shares of the business services provider’s stock valued at $45,171,000 after acquiring an additional 13,427 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NV5 Global by 20.6% during the third quarter. Vanguard Group Inc. now owns 453,243 shares of the business services provider’s stock valued at $39,297,000 after acquiring an additional 77,550 shares in the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of NV5 Global by 20.6% during the third quarter. Vanguard Group Inc now owns 453,243 shares of the business services provider’s stock valued at $39,297,000 after acquiring an additional 77,550 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NV5 Global Company Profile

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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Analyst Recommendations for NV5 Global (NASDAQ:NVEE)

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