Everpure, Inc. (NYSE:P) Receives $96.32 Average PT from Analysts

Shares of Everpure, Inc. (NYSE:P) have earned a consensus recommendation of “Moderate Buy” from the twenty analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $96.50.

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Morgan Stanley lifted their price objective on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Weiss Ratings started coverage on shares of Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating on the stock. JPMorgan Chase & Co. upped their target price on shares of Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, Northland Securities set a $90.00 target price on shares of Everpure in a research note on Thursday, May 28th.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the sale, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 654,015 shares of company stock worth $50,009,960 over the last 90 days. 5.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Provenance Wealth Advisors LLC bought a new position in Everpure in the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC grew its position in shares of Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after purchasing an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Everpure during the third quarter worth approximately $28,000. Sunbelt Securities Inc. lifted its holdings in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in Everpure by 2,884.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 375 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Stock Down 2.1%

Shares of NYSE P opened at $77.14 on Monday. The company’s 50 day moving average is $76.42. Everpure has a 52 week low of $53.43 and a 52 week high of $100.59. The firm has a market capitalization of $25.64 billion, a PE ratio of 116.88, a PEG ratio of 4.46 and a beta of 1.45.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The business’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, sell-side analysts forecast that Everpure will post 0.92 earnings per share for the current fiscal year.

Everpure Company Profile

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.