Zacks Investment Research upgraded shares of NV5 Global, Inc. (NASDAQ:NVEE) from a hold rating to a buy rating in a research report sent to investors on Saturday, September 9th. They currently have $54.00 target price on the business services provider’s stock.
According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
Several other brokerages have also issued reports on NVEE. BidaskClub lowered NV5 Global from a buy rating to a hold rating in a report on Wednesday, July 19th. Sidoti started coverage on NV5 Global in a report on Wednesday, July 5th. They issued a neutral rating and a $45.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. NV5 Global currently has a consensus rating of Buy and a consensus price target of $45.50.
Shares of NV5 Global (NASDAQ NVEE) traded up 1.48% during trading on Friday, hitting $51.30. 100,341 shares of the stock traded hands. NV5 Global has a 52 week low of $24.57 and a 52 week high of $51.55. The firm’s 50-day moving average price is $44.83 and its 200-day moving average price is $40.25. The company has a market cap of $521.77 million, a price-to-earnings ratio of 40.94 and a beta of 1.42.
NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. The company had revenue of $83.74 million for the quarter, compared to analyst estimates of $87.73 million. On average, equities research analysts anticipate that NV5 Global will post $2.31 earnings per share for the current year.
Several institutional investors have recently modified their holdings of NVEE. American International Group Inc. raised its stake in shares of NV5 Global by 7.1% in the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after purchasing an additional 301 shares during the last quarter. Bank of America Corp DE raised its stake in shares of NV5 Global by 129.0% in the first quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after purchasing an additional 2,586 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of NV5 Global by 4.7% in the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after purchasing an additional 232 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of NV5 Global in the first quarter worth approximately $203,000. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of NV5 Global by 512.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 4,100 shares during the last quarter. 55.53% of the stock is owned by hedge funds and other institutional investors.
NV5 Global Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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