Everforth (NYSE:EFOR) Price Target Raised to $38.00

Everforth (NYSE:EFOR) had its price target hoisted by equities research analysts at Wells Fargo & Company from $26.00 to $38.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 4.02% from the company’s previous close.

EFOR has been the topic of a number of other reports. Truist Financial increased their target price on Everforth from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Weiss Ratings raised shares of Everforth from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 28th. Zacks Research cut shares of Everforth from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, BMO Capital Markets boosted their price objective on shares of Everforth from $30.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Everforth has an average rating of “Reduce” and an average target price of $33.83.

Everforth Price Performance

NYSE EFOR traded up $2.28 during trading hours on Thursday, reaching $36.53. 195,628 shares of the company’s stock traded hands, compared to its average volume of 959,094. Everforth has a 52-week low of $16.90 and a 52-week high of $54.94. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 22.41 and a beta of 0.42. The business’s 50-day simple moving average is $34.92. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.75.

Everforth (NYSE:EFOR) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.09. Everforth had a net margin of 1.71% and a return on equity of 8.87%. The company had revenue of $1.03 billion during the quarter. Everforth’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts forecast that Everforth will post 3.74 EPS for the current fiscal year.

Institutional Trading of Everforth

Several large investors have recently added to or reduced their stakes in EFOR. Ethic Inc. grew its position in Everforth by 10.8% during the third quarter. Ethic Inc. now owns 11,207 shares of the company’s stock valued at $369,000 after buying an additional 1,092 shares during the period. Pictet Asset Management Holding SA bought a new stake in Everforth during the third quarter valued at approximately $241,000. Finally, Crescent Grove Advisors LLC bought a new stake in Everforth during the third quarter valued at approximately $408,000. 95.36% of the stock is currently owned by institutional investors.

About Everforth

Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers.

In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.