Everest Group, Ltd. (NYSE:EG) Given Consensus Rating of “Hold” by Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $395.2667.

Several brokerages recently commented on EG. TD Cowen boosted their price target on Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Morgan Stanley lifted their price objective on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Mizuho reduced their target price on shares of Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Citigroup upped their target price on shares of Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Evercore set a $377.00 target price on shares of Everest Group in a research report on Thursday, July 30th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after purchasing an additional 90 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Everest Group in the second quarter worth $384,000. Marshall Wace LLP acquired a new position in Everest Group in the second quarter worth $238,000. Jump Financial LLC bought a new stake in shares of Everest Group during the second quarter worth $1,510,000. Finally, Federated Hermes Inc. grew its holdings in shares of 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. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 1.5%

Shares of EG opened at $380.55 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $373.81 and a two-hundred day moving average price of $350.15. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.76 and a beta of 0.28. Everest Group has a 12 month low of $302.44 and a 12 month high of $401.07.

Everest Group (NYSE:EG) last released its quarterly earnings data on Tuesday, June 30th. The company reported $14.85 earnings per share for the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The company had revenue of $3.96 billion for the quarter. Equities analysts predict that Everest Group will post 53.28 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s dividend payout ratio is currently 16.92%.

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.