Maxim Group analyst Tate Sullivan maintained a Buy rating on NV5 Holdings (NVEE) today and set a price target of $85. The company’s shares closed yesterday at $66.06.
Sullivan commented:
“We increase our 2019 GAAP EPS to $2.65 (from $2.63), 2020 to $3.50 (from $3.47) and 2021 to $4.08 (from $4.05) after NVEE reported 1Q19 GAAP EPS of $0.44, up 13% y/y, above our $0.43 estimate and the $0.43 consensus.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 4.6% and a 66.1% 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 $87.50.
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The company has a one-year high of $96.70 and a one-year low of $51.46. Currently, NV5 Holdings has an average volume of 132.5K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NVEE in relation to earlier this year.
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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.
