Everus (NYSE:ECG) Hits New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

ECG has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Everus from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Wolfe Research began coverage on shares of Everus in a report on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. DA Davidson initiated coverage on shares of Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 target price for the company. Finally, Oppenheimer increased their price target on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th.

Everus Stock Performance

The company’s 50-day moving average price is $65.62. 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 ECG. Hennessy Advisors Inc. purchased a new position in shares of Everus during the 4th quarter valued at $31,611,000. SeaCrest Wealth Management LLC purchased a new position in shares of Everus in the fourth quarter valued at about $292,000. Mendota Financial Group LLC purchased a new position in shares of Everus in the fourth quarter valued at about $36,000. Finally, Forza Wealth Management LLC bought a new position in shares of Everus in the fourth quarter worth about $336,000.

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.