BMO Capital Markets Forecasts Strong Price Appreciation for Everest Group (NYSE:EG) Stock

Everest Group (NYSE:EG) had its target price upped by equities research analysts at BMO Capital Markets from $366.00 to $376.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 8.11% from the stock’s previous close.

Several other equities analysts have also recently issued reports on EG. Mizuho raised their price objective on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Citigroup raised their price target on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group lifted their target price on Everest Group from $370.00 to $374.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Finally, Barclays lifted their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $374.00.

Everest Group Trading Down 1.1%

Shares of EG stock opened at $347.78 on Thursday. The firm’s 50-day simple moving average is $334.99 and its 200-day simple moving average is $329.55. The firm has a market cap of $13.76 billion, a P/E ratio of 7.07, a PEG ratio of 0.26 and a beta of 0.35. Everest Group has a 1-year low of $302.44 and a 1-year high of $368.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The company had revenue of $4.07 billion during the quarter. As a group, equities analysts forecast that Everest Group will post 52.71 EPS for the current year.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the transaction, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its stake in shares of Everest Group by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock valued at $228,418,000 after acquiring an additional 29,586 shares during the period. Bright Futures Wealth Management LLC. acquired a new position in shares of Everest Group during the third quarter valued at $589,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Everest Group by 141.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,076 shares of the company’s stock valued at $7,690,000 after acquiring an additional 12,343 shares during the period. Causeway Capital Management LLC acquired a new position in shares of Everest Group during the third quarter valued at $61,531,000. Finally, Vulcan Value Partners LLC lifted its stake in shares of Everest Group by 13.9% during the third quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock valued at $496,514,000 after acquiring an additional 172,479 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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.