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

Shares of Everest Group, Ltd. (NYSE:EG) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $356.8462.

A number of equities analysts recently weighed in on the company. Mizuho set a $360.00 price target on Everest Group in a report on Wednesday, February 11th. Barclays upped their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. TD Cowen reduced their price target on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Keefe, Bruyette & Woods reduced their price target on Everest Group from $430.00 to $402.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, UBS Group reaffirmed a “buy” rating and issued a $345.00 price target on shares of Everest Group in a report on Monday, January 12th.

Hedge Funds Weigh In On Everest Group

Large investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in Everest Group during the 3rd quarter worth approximately $30,000. Activest Wealth Management purchased a new stake in Everest Group during the 4th quarter worth approximately $34,000. Raiffeisen Bank International AG purchased a new stake in Everest Group during the 4th quarter worth approximately $34,000. UMB Bank n.a. increased 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 worth $37,000 after buying an additional 48 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Everest Group during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of EG stock opened at $329.95 on Wednesday. The stock has a market cap of $13.33 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34. The business has a 50-day simple moving average of $329.90 and a 200-day simple moving average of $330.11. The company has a quick ratio of 0.39, a current ratio of 0.39 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 $368.29.

Everest Group (NYSE:EG) last released its quarterly earnings results on Thursday, February 5th. The company reported $13.26 earnings per share for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The business had revenue of $4.42 billion during 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 business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($18.39) EPS. On average, equities analysts expect that Everest Group will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group’s dividend payout ratio is presently 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.