Everest Group (NYSE:EG) Price Target Raised to $356.00

Everest Group (NYSE:EG) had its price objective upped by Wells Fargo & Company from $332.00 to $356.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts also recently issued research reports about the company. Mizuho upped their target price on Everest Group from $360.00 to $365.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Evercore set a $365.00 target price on Everest Group in a research note on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Bank of America upped their target price on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Everest Group has an average rating of “Hold” and a consensus price target of $371.50.

Everest Group Stock Down 0.2%

Everest Group stock opened at $350.90 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.37. The business’s 50-day simple moving average is $333.95 and its two-hundred day simple moving average is $329.54. The company has a market cap of $13.89 billion, a PE ratio of 7.14, a PEG ratio of 0.26 and a beta of 0.35. Everest Group has a fifty-two week low of $302.44 and a fifty-two week high of $368.29.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The business had revenue of $4.07 billion for the quarter. Equities analysts anticipate that Everest Group will post 52.81 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $2.00 per share. The ex-dividend date was Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a yield of 2.3%. Everest Group’s dividend payout ratio is currently 16.27%.

Hedge Funds Weigh In On Everest Group

A number of hedge funds have recently bought and sold shares of EG. Massachusetts Financial Services Co. MA lifted its holdings in Everest Group by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock valued at $228,418,000 after purchasing an additional 29,586 shares in the last quarter. Clear Harbor Asset Management LLC lifted its holdings in Everest Group by 9.2% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 17,942 shares of the company’s stock valued at $6,284,000 after purchasing an additional 1,517 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new position in Everest Group in the 3rd quarter valued at $589,000. Cerity Partners LLC lifted its holdings in Everest Group by 46.4% in the 3rd quarter. Cerity Partners LLC now owns 43,771 shares of the company’s stock valued at $15,330,000 after purchasing an additional 13,864 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Everest Group by 141.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,076 shares of the company’s stock valued at $7,690,000 after purchasing an additional 12,343 shares in the last quarter. 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.