Maxim Group analyst Tate Sullivan maintained a Buy rating on NV5 Holdings (NVEE) today and set a price target of $93. The company’s shares closed yesterday at $77.01.
Sullivan noted:
“We reduce our forecasts and price target to account for the risk of slower conversion of backlog to revenue, NVEE’s initial 2019 guidance and NVEE’s disclosure of a process with accountants to improve documentation of percent of completion contracts.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 5.4% and a 56.8% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.
NV5 Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $93.
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NV5 Holdings’ market cap is currently $959.6M and has a P/E ratio of 27.87. The company has a Price to Book ratio of 3.16.
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NV5 Global, Inc. engages in the provision of professional and technical consulting and certification solutions for public and private sector. It operates through the Infrastructure (INF), and Building, Technology, and Sciences (BTS) segment. The INF segment covers engineering, civil program management, and construction quality assurance practices.
