Roth MKM raised the firm’s price target on Bowman Consulting to $49 from $45 and keeps a Buy rating on the shares after its better than expected Q4 results. The funding environment remains healthy, particularly in the Transportation and Power & Utilities segments, as these two segments posted outsized growth for the year and should continue to help diversify the business, the analyst tells investors in a research note. The firm anticipates a continuation of organic growth and M&A to facilitate scale for the next several years that provide an attractive growth profile and generate margin expansion, Roth MKM added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BWMN:
- Bowman Consulting reports Q4 adjusted EPS 33c, consensus (7c)
- BWMN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Bowman Consulting price target raised to $50 from $48 at Craig-Hallum
- Bowman Consulting acquires Vermont-based Trudell in accretive deal, no terms
- Bowman Consulting management to meet with Craig Hallum