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

Everest Group, Ltd. (NYSE:EG) has earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $393.9333.

Several research analysts have commented on EG shares. BMO Capital Markets raised their price target on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings raised Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Cantor Fitzgerald boosted their target price on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Bank of America upped their target price on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th.

Institutional Investors Weigh In On Everest Group

Several hedge funds have recently bought and sold shares of EG. Geneos Wealth Management Inc. raised its position in shares of 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 buying an additional 90 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Everest Group in the second quarter worth $384,000. Marshall Wace LLP bought a new position in Everest Group in the second quarter valued at $238,000. Jump Financial LLC bought a new position in Everest Group in the second quarter valued at $1,510,000. Finally, Federated Hermes Inc. raised its position in Everest Group by 3.7% during the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after purchasing an additional 510 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Trading Down 1.5%

Shares of Everest Group stock opened at $369.26 on Tuesday. Everest Group has a 12-month low of $302.44 and a 12-month high of $401.07. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.74 and a beta of 0.29. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $359.66 and its 200-day moving average price is $344.33.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, beating the consensus estimate of $14.52 by $0.33. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. Everest Group’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $16.10 earnings per share. On average, equities analysts expect that Everest Group will post 53.13 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio is 16.92%.

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.