Research Analysts’ Weekly Ratings Changes for NV5 Global (NVEE)

Several brokerages have updated their recommendations and price targets on shares of NV5 Global (NASDAQ: NVEE) in the last few weeks:

  • 1/6/2018 – NV5 Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the 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. “
  • 1/5/2018 – NV5 Global was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 1/4/2018 – NV5 Global was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/22/2017 – NV5 Global was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/11/2017 – NV5 Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the 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. “
  • 11/9/2017 – NV5 Global had its price target raised by analysts at Lake Street Capital to $66.00. They now have a “buy” rating on the stock.
  • 11/9/2017 – NV5 Global had its price target raised by analysts at Roth Capital from $48.00 to $60.00. They now have a “buy” rating on the stock.

Shares of NV5 Global Inc (NVEE) opened at $52.00 on Monday. NV5 Global Inc has a 52-week low of $33.60 and a 52-week high of $58.95. The company has a market capitalization of $560.85, a price-to-earnings ratio of 35.37, a PEG ratio of 0.96 and a beta of 1.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.54 and a current ratio of 2.54.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.05. The company had revenue of $91.26 million during the quarter, compared to analyst estimates of $103.15 million. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. sell-side analysts forecast that NV5 Global Inc will post 2.34 earnings per share for the current fiscal year.

In other news, CFO Michael P. Rama sold 1,800 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $55.20, for a total value of $99,360.00. Following the completion of the sale, the chief financial officer now owns 29,949 shares in the company, valued at $1,653,184.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tardan Francois sold 3,684 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total value of $187,810.32. Following the completion of the sale, the director now owns 4,465 shares of the company’s stock, valued at approximately $227,625.70. The disclosure for this sale can be found here. Insiders sold 7,684 shares of company stock valued at $405,970 in the last 90 days. Corporate insiders own 26.00% of the company’s stock.

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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