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

Shares of Everest Group, Ltd. (NYSE:EG) have been assigned a consensus rating of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $371.50.

A number of analysts recently commented on EG shares. Morgan Stanley set a $340.00 target price on Everest Group in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Mizuho raised their price objective on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays upped their target price on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, Bank of America increased their target price on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th.

Institutional Investors Weigh In On Everest Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of Everest Group in the 3rd quarter worth about $30,000. Activest Wealth Management acquired a new position in Everest Group during the 4th quarter valued at about $34,000. Raiffeisen Bank International AG bought a new stake in Everest Group during the 4th quarter worth approximately $34,000. UMB Bank n.a. increased its holdings in Everest Group by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Everest Group in the fourth quarter worth approximately $37,000. 92.64% of the stock is owned by institutional investors.

Everest Group Trading Down 0.0%

NYSE:EG opened at $351.74 on Friday. Everest Group has a 12 month low of $302.44 and a 12 month high of $368.29. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.26 and a beta of 0.35. The firm has a fifty day simple moving average of $333.95 and a two-hundred day simple moving average of $329.54.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The firm had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Analysts expect that Everest Group will post 52.81 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Everest Group’s dividend payout ratio (DPR) is 16.27%.

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.