Everest Group (NYSE:EG) Price Target Lowered to $402.00 at Keefe, Bruyette & Woods

Everest Group (NYSE:EG) had its price objective lowered by investment analysts at Keefe, Bruyette & Woods from $430.00 to $402.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 23.12% from the company’s previous close.

A number of other research analysts have also recently issued reports on EG. Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. UBS Group restated a “buy” rating and set a $345.00 price target on shares of Everest Group in a report on Monday, January 12th. Mizuho set a $360.00 price target on Everest Group in a research report on Wednesday, February 11th. Cantor Fitzgerald dropped their price target on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Finally, Barclays increased their price objective on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Everest Group has a consensus rating of “Hold” and an average target price of $361.21.

Everest Group Stock Down 0.6%

EG traded down $1.91 during midday trading on Tuesday, reaching $326.51. The company’s stock had a trading volume of 94,084 shares, compared to its average volume of 360,550. Everest Group has a 1 year low of $302.44 and a 1 year high of $368.29. The stock’s 50-day moving average is $329.57 and its 200-day moving average is $330.32. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.24 and a beta of 0.34. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last released its earnings results on Thursday, February 5th. The company reported $13.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the business posted ($18.39) earnings per share. Everest Group’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, research analysts expect that Everest Group will post 47.93 EPS for the current year.

Institutional Investors Weigh In On Everest Group

Several institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its holdings in Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares in the last quarter. State Street Corp boosted its holdings in shares of Everest Group by 0.4% during the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after acquiring an additional 7,806 shares during the last quarter. Norges Bank purchased a new stake in shares of Everest Group during the 4th quarter valued at about $630,277,000. Vulcan Value Partners LLC grew its stake in shares of Everest Group by 6.5% in the fourth quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after acquiring an additional 92,274 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Everest Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock worth $395,671,000 after acquiring an additional 4,978 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

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.