Everus (NYSE:ECG) Reaches New 52-Week High – What’s Next?

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

Analyst Ratings Changes

Several research firms have recently weighed in on ECG. DA Davidson began coverage on Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 price target on the stock. Oppenheimer increased their price target on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus increased 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 began coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating on the stock.

Everus Stock Performance

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

Hedge Funds Weigh In On Everus

Several large investors have recently added to or reduced their stakes in the company. Mendota Financial Group LLC purchased a new stake in shares of Everus in the fourth quarter worth $36,000. Hennessy Advisors Inc. bought a new stake in Everus during the fourth quarter valued at about $31,611,000. Forza Wealth Management LLC bought a new stake in Everus during the fourth quarter valued at about $336,000. Cascade Investment Group Inc. bought a new position in shares of Everus in the fourth quarter worth about $329,000. Finally, Brady Martz Wealth Solutions LLC purchased a new stake in shares of Everus during the fourth quarter worth about $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.