Everus Construction Group (NYSE:ECG) does about 694.07K shares in volume on a normal day but saw 168507 shares change hands in the recent trading day. The company now has a market cap of 3.60B USD. Its current market price is $70.21, marking an increase of 2.05% compared to the previous close of $68.80. The 52 week high reached by this stock is $71.42 whilst the lowest price level in 52 weeks is $40.05. The script in recent trading has seen the stock touch a high of $55 and a low of $55.
Everus Construction Group (ECG) has a 20-day trading average at $67.18 and the current price is -1.69% off the 52-week high compared with 75.31% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 5.67%, which decreases to 4.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.89 to suggest the stock is neutral.
The consensus objective for the share price is $68.67, suggesting that the stock has a potential downside of -2.24% over the period. The median price target is -27.65% away from the current levels at $55.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 04, 2024 when Oppenheimer initiated the stock to “Outperform” and issued a price target of $70. Stifel initiated its price target at $71.
The current price level is 4.51%, 12.63%, and 12.63% away from its SMA20, SMA50, and SMA200 respectively, with the ECG price moving above the 50-day SMA on current market day. Everus Construction Group (ECG) stock is up 1.31% over the week and 8.47% over the past month. Its price is 44.04% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0.69 and 2.56 for whole year. Expected sales for next quarter are $679.28M, which analysts say will come at $2.77B for the current fiscal year and next year at $2.95B. In addition, estimates put the company’s current quarterly revenue at an average of $674.94M.
Its 12-month price target is $55. To reach the target analysts have set, the stock logically needs to shrink -2.24 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $55, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $55.
The company has a return on investment of 16.49%. The price to earnings ratio (P/E ratio) amounts to 30.69. Price to book ratio is 7.94 and price to sales ratio is 1.71.
