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

Everest Group, Ltd. (NYSE:EG) has received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $363.2143.

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Cantor Fitzgerald cut their price target on Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Barclays increased their price objective on Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Mizuho set a $360.00 target price on Everest Group in a research note on Wednesday, February 11th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EG. AQR Capital Management LLC increased its stake 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 valued at $695,275,000 after buying an additional 830,418 shares during the last quarter. State Street Corp boosted its stake 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 worth $647,036,000 after buying an additional 7,806 shares during the last quarter. Norges Bank acquired a new position in shares of Everest Group during the 4th quarter worth about $630,277,000. Vulcan Value Partners LLC grew its holdings in shares of Everest Group by 6.5% in the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock valued at $512,288,000 after acquiring an additional 92,274 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Everest Group by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock valued at $414,385,000 after acquiring an additional 6,217 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Up 0.1%

Everest Group stock opened at $316.26 on Friday. The stock has a market capitalization of $12.77 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. Everest Group has a twelve month low of $302.44 and a twelve month high of $370.20. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $329.10 and a 200-day moving average of $331.75.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($18.39) earnings per share. On average, equities research analysts anticipate that Everest Group will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $2.00 dividend. The ex-dividend date is Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. Everest Group’s dividend payout ratio (DPR) is 21.13%.

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.