Everest Group (NYSE:EG) Stock Price Expected to Rise, Mizuho Analyst Says

Everest Group (NYSE:EG) had its price target hoisted by research analysts at Mizuho from $365.00 to $388.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s target price would indicate a potential upside of 10.57% from the stock’s current price.

EG has been the topic of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Evercore set a $365.00 price target on shares of Everest Group in a research report on Wednesday, January 7th. Wells Fargo & Company increased their price objective on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, UBS Group upped their target price on shares of Everest Group from $370.00 to $374.00 and gave the stock a “neutral” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $371.50.

Everest Group Stock Performance

NYSE:EG opened at $350.90 on Thursday. The stock has a market capitalization of $13.89 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. Everest Group has a 1 year low of $302.44 and a 1 year high of $368.29. The firm has a 50 day moving average of $333.95 and a 200-day moving average of $329.54.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The business had revenue of $4.07 billion for the quarter. As a group, sell-side analysts anticipate that Everest Group will post 52.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Everest Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in shares of Everest Group in the 3rd quarter valued at about $30,000. Activest Wealth Management bought a new position in Everest Group during the 4th quarter worth approximately $34,000. Raiffeisen Bank International AG acquired a new position in Everest Group during the fourth quarter valued at approximately $34,000. UMB Bank n.a. grew its holdings in Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after purchasing an additional 48 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in Everest Group in the fourth quarter valued at approximately $37,000. Institutional investors own 92.64% of the company’s stock.

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.