Bowman Consulting Group Ltd. (BWMN, Financial) has been awarded a $4.2 million contract by the Will County Board of Commissioners for a significant infrastructure development in Homer Glen, Illinois. The project involves the reconstruction of the Bell Road and 143rd Street intersection, encompassing a 1.8-mile stretch.
With a total budget of $24 million, the project aims to enhance transportation efficiency and safety by including comprehensive upgrades. It involves a complete rebuild of the pavement, the construction of five retaining walls using cast-in-place and segmental block methods, and the modernization of traffic signals. Extensive improvements to the storm sewer system, featuring underground storage solutions, are also part of the plan. Additionally, the project will introduce new sidewalks and ramps that adhere to ADA standards.
Bowman Consulting will oversee the entire construction process, providing management, supervision, and documentation services to ensure the project's smooth completion. This contract highlights Bowman’s expertise in handling complex transportation infrastructure projects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Bowman Consulting Group Ltd (BWMN, Financial) is $33.33 with a high estimate of $43.00 and a low estimate of $26.00. The average target implies an upside of 57.68% from the current price of $21.14. More detailed estimate data can be found on the Bowman Consulting Group Ltd (BWMN) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Bowman Consulting Group Ltd's (BWMN, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bowman Consulting Group Ltd (BWMN, Financial) in one year is $29.28, suggesting a upside of 38.51% from the current price of $21.14. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bowman Consulting Group Ltd (BWMN) Summary page.
