Everest Group (NYSE:EG) Price Target Raised to $376.00

Everest Group (NYSE:EG) had its price target hoisted by BMO Capital Markets from $366.00 to $376.00 in a report issued on Thursday, MarketBeat reports. They currently have a market perform rating on the stock.

EG has been the topic of several other reports. Wells Fargo & Company upped their price objective on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods upped their price objective on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Bank of America upped their price objective on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Barclays upped their price objective on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Finally, Citigroup upped their price objective on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $374.00.

Everest Group Stock Up 1.0%

Shares of EG opened at $351.45 on Thursday. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35. Everest Group has a 1 year low of $302.44 and a 1 year high of $368.29. The business’s 50 day simple moving average is $335.60 and its 200-day simple moving average is $329.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. As a group, equities analysts expect that Everest Group will post 52.71 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.3%. Everest Group’s payout ratio is currently 16.27%.

Insider Buying and Selling at Everest Group

In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Everest Group

Several hedge funds have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC grew its position in Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after acquiring an additional 34 shares during the last quarter. Siemens Fonds Invest GmbH grew its position in Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock valued at $364,000 after acquiring an additional 34 shares during the last quarter. V Square Quantitative Management LLC grew its position in Everest Group by 4.0% in the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock valued at $316,000 after acquiring an additional 37 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Everest Group by 27.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock valued at $58,000 after acquiring an additional 37 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in Everest Group by 2.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Company Profile

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.