Everest Group, Ltd. (NYSE:EG) Receives $363.21 Average PT from Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $363.2143.

A number of research firms recently commented on EG. UBS Group reaffirmed a “buy” rating and set a $345.00 target price on shares of Everest Group in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Everest Group in a research note on Monday, November 3rd. Barclays increased their price target on Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Finally, TD Cowen dropped their target price on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research report on Monday, December 15th.

Everest Group Stock Performance

Shares of Everest Group stock opened at $342.78 on Tuesday. The company has a 50 day moving average price of $331.33 and a 200 day moving average price of $332.71. The firm has a market capitalization of $14.39 billion, a P/E ratio of 9.05, a PEG ratio of 0.25 and a beta of 0.36. The company has a quick ratio of 0.39, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group has a 52 week low of $302.44 and a 52 week high of $370.20.

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

Institutional Trading of Everest Group

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

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.