Zacks Investment Research upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a research note published on Saturday morning, Zacks.com reports. Zacks Investment Research currently has $78.00 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. “
A number of other research analysts have also weighed in on the company. Roth Capital raised their price objective on NV5 Global from $77.00 to $82.00 and gave the company a buy rating in a research report on Thursday, November 12th. Maxim Group reiterated a hold rating on shares of NV5 Global in a research report on Friday, August 7th. Sidoti upgraded NV5 Global from a neutral rating to a buy rating and set a $68.00 price target for the company in a research report on Monday, August 24th. BidaskClub upgraded NV5 Global from a hold rating to a buy rating in a research report on Wednesday, October 7th. Finally, ValuEngine lowered NV5 Global from a hold rating to a sell rating in a research report on Tuesday, November 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $66.00.
Shares of NV5 Global stock opened at $73.71 on Friday. The firm has a market cap of $976.44 million, a price-to-earnings ratio of 51.55, a PEG ratio of 1.36 and a beta of 1.04. The business has a 50-day moving average price of $59.88 and a 200-day moving average price of $52.88. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.88. NV5 Global has a twelve month low of $27.00 and a twelve month high of $74.45.
NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Monday, November 16th. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.43. NV5 Global had a return on equity of 11.18% and a net margin of 3.06%. On average, equities analysts expect that NV5 Global will post 3.21 EPS for the current fiscal year.
In other NV5 Global news, COO Alexander A. Hockman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $70.88, for a total transaction of $2,126,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Maryjo O’brien sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $50.36, for a total value of $176,260.00. Following the transaction, the vice president now owns 68,787 shares of the company’s stock, valued at approximately $3,464,113.32. The disclosure for this sale can be found here. Insiders have sold 53,233 shares of company stock valued at $3,636,566 in the last 90 days. Company insiders own 17.92% of the company’s stock.
Several large investors have recently made changes to their positions in NVEE. SRS Capital Advisors Inc. boosted its position in shares of NV5 Global by 357.1% during the second quarter. SRS Capital Advisors Inc. now owns 896 shares of the business services provider’s stock valued at $46,000 after buying an additional 700 shares during the period. Advisor Group Holdings Inc. bought a new stake in shares of NV5 Global during the first quarter valued at approximately $134,000. BNP Paribas Arbitrage SA raised its stake in shares of NV5 Global by 495.8% during the third quarter. BNP Paribas Arbitrage SA now owns 2,556 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 2,127 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of NV5 Global during the second quarter valued at approximately $211,000. Finally, Aptus Capital Advisors LLC bought a new stake in shares of NV5 Global during the second quarter valued at approximately $221,000.
About NV5 Global
NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure, and Building, Technology & Sciences.
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