Everest Group, Ltd. (NYSE:EG) Receives Consensus Rating of “Hold” from Analysts

Everest Group, Ltd. (NYSE:EG) has received an average rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $387.7333.

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Barclays lifted their price target on shares of Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods increased their price objective on shares of Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company raised their target price on Everest Group from $356.00 to $373.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th.

Everest Group Price Performance

Shares of EG opened at $372.92 on Friday. Everest Group has a 52-week low of $302.44 and a 52-week high of $379.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50 day moving average price is $349.20 and its two-hundred day moving average price is $338.63. The firm has a market cap of $14.76 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 0.55 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The company had revenue of $4.07 billion during the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. On average, equities analysts anticipate that Everest Group will post 53.05 EPS for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $2.00 dividend. The ex-dividend date was Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.1%. Everest Group’s dividend payout ratio is presently 16.27%.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’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 value of $272,676.00. Following the completion of the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Everest Group

Institutional investors have recently modified their holdings of the company. Activest Wealth Management bought a new position in shares of Everest Group in the 4th quarter worth $34,000. Raiffeisen Bank International AG bought a new stake in Everest Group during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. acquired a new position in Everest Group during the fourth quarter worth $37,000. CYBER HORNET ETFs LLC acquired a new position in Everest Group during the second quarter worth $39,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Everest Group in the second quarter valued at $43,000. 92.64% of the stock is owned by institutional investors and hedge funds.

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.