Everus Construction Group

ECG · NYSE

$105.74−$2.96 (−2.72%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $108.70

ECG analyst rating

BuyConsensus of 9 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy6
Hold3
Underperform0
Sell0

12-month price target · 8 analysts

Average $174.42 (+65.0% upside)

Low: $142.41
Now: $105.74
High: $210.00

Upgrades and downgrades

The latest rating actions, newest first

ECG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	Aug 21, 2026	Initiates	Buy	$168.00	40%
Cantor Fitzgerald	Aug 13, 2026	Maintains	Neutral	$174.00 → $152.00	12%
Guggenheim	Aug 6, 2026	Maintains	Buy	$160.00 → $184.00	55%
Oppenheimer	May 28, 2026	Initiates	Outperform	$185.00	61%
Cantor Fitzgerald	May 11, 2026	Maintains	Neutral	$115.00 → $174.00	12%
Oppenheimer	May 7, 2026	Maintains	Outperform	$120.00 → $180.00	52%
Guggenheim	Apr 30, 2026	Upgrade	Neutral → Buy	$160.00	55%
GLJ Research	Apr 21, 2026	Initiates	Hold	$141.00	44%
Stifel	Apr 15, 2026	Maintains	Buy	$144.00 → $153.00	67%
DA Davidson	Feb 26, 2026	Maintains	Neutral	$102.00 → $130.00	61%

The case for and against

Updated Oct 14, 2026

Bull case

Everus Construction Group is viewed positively because its record backlog of $4.55B, up 53% y/y in 2Q26, provides unusually strong visibility, while management expects about 80% to convert within 12 months and data centers remain the largest backlog component. Its Electrical & Mechanical segment is benefiting from robust data center demand, a ramp in semiconductor work, and improving profitability, with 2Q26 marking the company’s first 10%+ EBITDA margin quarter and consolidated 2025 EBITDA margin at 8.5%. Growth is further supported by accretive M&A, including SE&M and the pending Epsilon acquisition, which expand geographic reach, modular capabilities, and margin potential while leaving leverage at about 0.8x pro forma, comfortably below the 1.5x-2.0x target range.

Bear case

Everus Construction Group is viewed negatively because its E&M margins remain below peers, with a cost-plus/fixed-price mix that likely limits meaningful structural expansion even as larger projects and M&A may help at the margin. Its T&D segment has only muted growth because 50%-60% of revenue comes from multi-year MSAs not reflected in backlog, which also caps margin upside in inflationary periods, while selectivity on large transmission projects may leave it underexposed to stronger utility spending trends. The stock also faces material concentration and execution risk, as the top 10 customers accounted for 43% of 2025 revenues, one customer was ~17%, and complex projects spanning design through construction can create delays, overruns, and reputational damage.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.