Everus (NYSE:ECG) Trading Down 4.2% – Should You Sell?

Shares of Everus (NYSE:ECG) fell 4.2% during mid-day trading on Thursday . The stock traded as low as $67.00 and last traded at $67.02. 161,245 shares were traded during trading, a decline of 60% from the average session volume of 406,988 shares. The stock had previously closed at $69.95.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ECG. Stifel Nicolaus lifted their target price on shares of 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 set a “peer perform” rating for the company. Oppenheimer lifted their target price on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, 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 objective for the company.

Everus Price Performance

The business has a fifty day moving average of $66.15. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Everus

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

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.