Somewhat Positive News Coverage Somewhat Unlikely to Affect NV5 Global (NVEE) Stock Price

Media stories about NV5 Global (NASDAQ:NVEE) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NV5 Global earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.2198478472072 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

NVEE has been the subject of a number of recent analyst reports. BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Sidoti initiated coverage on NV5 Global in a report on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price target for the company. Finally, Zacks Investment Research raised NV5 Global from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NV5 Global currently has a consensus rating of “Buy” and a consensus target price of $42.75.

NV5 Global (NVEE) traded up 2.13% during mid-day trading on Friday, hitting $43.25. The stock had a trading volume of 20,140 shares. The company has a 50-day moving average of $42.01 and a 200-day moving average of $39.39. The firm has a market cap of $439.90 million, a PE ratio of 34.52 and a beta of 1.45. NV5 Global has a 12-month low of $24.57 and a 12-month high of $45.50.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The firm had revenue of $83.74 million during the quarter, compared to the consensus estimate of $87.73 million. Analysts expect that NV5 Global will post $2.31 earnings per share for the current year.

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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.