NV5 Global (NVEE) Receiving Somewhat Positive Media Coverage, Report Finds

News stories about NV5 Global (NASDAQ:NVEE) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NV5 Global earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.9459216565201 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s analysis:

NVEE has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Lake Street Capital lifted their price target on shares of NV5 Global to $66.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Roth Capital lifted their price target on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 9th. ValuEngine upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $61.00 price target (up previously from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. NV5 Global has an average rating of “Buy” and an average price target of $58.00.

NV5 Global (NASDAQ NVEE) traded down $0.55 during trading hours on Friday, hitting $54.90. 78,313 shares of the company traded hands, compared to its average volume of 59,024. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market cap of $592.15, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.39. NV5 Global has a 1-year low of $33.10 and a 1-year high of $58.95.

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

In related news, Director Tardan Francois sold 3,684 shares of NV5 Global stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total transaction of $187,810.32. Following the sale, the director now owns 4,465 shares of the company’s stock, valued at approximately $227,625.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Tong sold 2,200 shares of NV5 Global stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $54.00, for a total transaction of $118,800.00. The disclosure for this sale can be found here. Insiders own 26.00% of the company’s stock.

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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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