Everpure, Inc. (NYSE:P) Receives $129.10 Consensus Price Target from Brokerages

Everpure, Inc. (NYSE:P) has been given an average rating of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $129.10.

A number of equities analysts recently issued reports on P shares. Guggenheim restated a “buy” rating and issued a $150.00 target price on shares of Everpure in a report on Thursday, August 27th. JPMorgan Chase & Co. increased their price target on Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Oppenheimer reissued an “outperform” rating and issued a $140.00 price target on shares of Everpure in a research note on Thursday, August 20th. Lake Street Capital restated a “buy” rating and set a $120.00 price objective on shares of Everpure in a report on Thursday, August 27th. Finally, Susquehanna reaffirmed a “positive” rating and set a $145.00 price objective on shares of Everpure in a research note on Thursday, August 27th.

Everpure Price Performance

Shares of P opened at $104.10 on Friday. The stock has a 50 day simple moving average of $92.22. Everpure has a 12-month low of $56.78 and a 12-month high of $119.10. The firm has a market cap of $34.69 billion, a PE ratio of 142.60, a P/E/G ratio of 4.18 and a beta of 1.43.

Everpure (NYSE:P) last released its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.19 by $0.51. The business had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. Everpure’s revenue was up 37.7% compared to the same quarter last year. On average, equities research analysts forecast that Everpure will post 0.96 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $94.95, for a total value of $9,495,000.00. Following the completion of the sale, the insider owned 2,465,000 shares in the company, valued at approximately $234,051,750. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the sale, the insider owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. This trade represents a 2.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 817,520 shares of company stock worth $79,667,896 over the last 90 days. 5.10% of the stock is owned by company insiders.

Institutional Trading of Everpure

Hedge funds and other institutional investors have recently modified their holdings of the business. Rothschild Investment LLC raised its position in Everpure by 18.1% during the fourth quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after buying an additional 152 shares during the period. Larson Financial Group LLC grew its stake in Everpure by 8.5% during the 4th quarter. Larson Financial Group LLC now owns 2,420 shares of the company’s stock valued at $162,000 after acquiring an additional 190 shares in the last quarter. Kestra Investment Management LLC grew its stake in Everpure by 1.5% during the 4th quarter. Kestra Investment Management LLC now owns 18,046 shares of the company’s stock valued at $1,209,000 after acquiring an additional 275 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Everpure by 29.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the company’s stock valued at $83,000 after purchasing an additional 284 shares during the period. Finally, Continuum Advisory LLC acquired a new position in shares of Everpure in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

About Everpure

Everpure is a water-treatment and filtration brand owned by Pentair plc, rather than a separately listed company trading under the NYSE symbol P. The brand provides filtration and water-conditioning solutions for residential, commercial, foodservice, and beverage applications.

Its product portfolio includes water filters, cartridges, heads, manifolds, reverse-osmosis systems, scale-reduction products, and related treatment equipment. Everpure systems are used to improve water quality and help protect equipment in applications such as drinking-water dispensers, coffee and tea equipment, ice machines, restaurants, and other foodservice operations.

Everpure was established in 1933 and serves customers through Pentair’s global water-solutions business.