Everest Group (NYSE:EG) Price Target Raised to $430.00

Everest Group (NYSE:EG) had its target price hoisted by Keefe, Bruyette & Woods from $400.00 to $430.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 28.89% from the company’s current price.

EG has been the subject of several other research reports. TD Cowen decreased their price objective on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Wall Street Zen downgraded Everest Group from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Wednesday, October 8th. Mizuho began coverage on shares of Everest Group in a report on Monday, December 15th. They set a “neutral” rating and a $359.00 target price for the company. Finally, Zacks Research downgraded shares of Everest Group from a “hold” rating to a “strong sell” rating in a report on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $369.87.

Everest Group Stock Performance

NYSE EG traded down $7.66 during trading hours on Tuesday, reaching $333.62. The stock had a trading volume of 140,695 shares, compared to its average volume of 312,892. Everest Group has a 52-week low of $302.44 and a 52-week high of $373.23. The stock has a fifty day moving average of $322.32 and a 200 day moving average of $334.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $14.00 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 0.24 and a beta of 0.38.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, October 27th. The company reported $7.54 EPS for the quarter, missing the consensus estimate of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the company earned $11.80 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Sell-side analysts predict that Everest Group will post 47.93 earnings per share for the current year.

Insider Transactions at Everest Group

In other news, Director William F. Galtney, Jr. purchased 11,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was purchased at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the transaction, the director owned 45,491 shares of the company’s stock, valued at $13,983,023.58. This trade represents a 33.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Allan Levine acquired 3,100 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was acquired at an average price of $306.08 per share, with a total value of $948,848.00. Following the acquisition, the director owned 4,153 shares in the company, valued at $1,271,150.24. The trade was a 294.40% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Everest Group

A number of hedge funds have recently modified their holdings of EG. Baird Financial Group Inc. raised its stake in Everest Group by 33.4% during the first quarter. Baird Financial Group Inc. now owns 1,602 shares of the company’s stock worth $582,000 after purchasing an additional 401 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Everest Group by 137.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,322 shares of the company’s stock worth $4,114,000 after buying an additional 6,554 shares during the last quarter. Great Lakes Advisors LLC raised its position in shares of Everest Group by 684.6% during the 1st quarter. Great Lakes Advisors LLC now owns 11,118 shares of the company’s stock valued at $4,040,000 after buying an additional 9,701 shares during the period. Arete Wealth Advisors LLC raised its position in shares of Everest Group by 39.1% during the 1st quarter. Arete Wealth Advisors LLC now owns 1,228 shares of the company’s stock valued at $446,000 after buying an additional 345 shares during the period. Finally, United Services Automobile Association acquired a new position in Everest Group in the first quarter valued at approximately $348,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.