Everest Group (NYSE:EG) Given New $411.00 Price Target at Keefe, Bruyette & Woods

Everest Group (NYSE:EG) had its price objective boosted by investment analysts at Keefe, Bruyette & Woods from $402.00 to $411.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 16.27% from the stock’s previous close.

A number of other research analysts have also recently issued reports on EG. UBS Group lifted their price objective on shares of Everest Group from $370.00 to $374.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company raised their target price on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a report on Wednesday. Barclays lifted their target price on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Cantor Fitzgerald decreased their price target on Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Finally, Bank of America increased their price target on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everest Group currently has a consensus rating of “Hold” and a consensus target price of $370.57.

Everest Group Trading Up 1.1%

EG stock traded up $3.80 during midday trading on Wednesday, reaching $353.48. The company’s stock had a trading volume of 31,343 shares, compared to its average volume of 355,348. The stock has a market cap of $17.58 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35. Everest Group has a 52 week low of $302.44 and a 52 week high of $368.29. The business’s 50-day simple moving average is $333.41 and its 200-day simple moving average is $329.44. The company has a quick ratio of 0.39, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $16.08 EPS for the quarter, topping analysts’ consensus estimates of $13.97 by $2.11. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.Everest Group’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $6.45 earnings per share. As a group, sell-side analysts expect that Everest Group will post 53.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its stake in shares of Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Everest Group in the 2nd quarter valued at $384,000. Marshall Wace LLP purchased a new position in shares of Everest Group during the 2nd quarter valued at $238,000. Jump Financial LLC purchased a new stake in shares of Everest Group in the 2nd quarter valued at about $1,510,000. Finally, Federated Hermes Inc. lifted its stake in Everest Group by 3.7% during the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock worth $4,898,000 after purchasing an additional 510 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

About Everest Group

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.