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Investing.com - Stifel raised its price target on Everus (NYSE:ECG) to $88.00 from $83.00 on Thursday, while maintaining a Buy rating on the infrastructure company’s stock. The company, currently trading at $77.57 with a market capitalization of $3.96 billion, has demonstrated remarkable performance with a 104.67% return over the past six months. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The investment firm cited an improved outlook for new award cadence, noting that several large projects in the pre-construction phase suggest potential for follow-on awards over the next few quarters.
Stifel highlighted that following a pull-forward of project activity into the first half of 2025, Everus is better positioned to add book-and-burn work in the second half of the year, which could benefit profitability.
The firm also noted that Everus has several undergrounding projects in its pipeline, which could help drive backlog growth and potentially serve as a tailwind for profitability.
Stifel observed that Everus’s merger and acquisition pipeline appears to have expanded considerably since the company’s spin-off, with recent deal multiples generally below Everus’s current multiple, making this an attractive way to deploy capital.
In other recent news, Everus Construction Group Inc reported impressive second-quarter earnings for 2025, outperforming market expectations. The company achieved an earnings per share of $1.03, surpassing the anticipated $0.64, which marks a 60.94% surprise. Revenue for the quarter reached $921.5 million, reflecting a 31% increase compared to the previous year. These results indicate a strong performance for the period. Additionally, DA Davidson has raised its price target for Everus to $88 from $68, maintaining a Neutral rating. The firm adjusted its fiscal year 2025 and 2026 estimates upward, despite lowering projections for the second half, aligning with the company’s revised guidance. These developments provide investors with crucial insights into Everus’s recent financial performance and market positioning.
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