Everest Group (NYSE:EG – Get Free Report) had its price target raised by investment analysts at Morgan Stanley from $340.00 to $355.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 0.70% from the company’s current price.
EG has been the topic of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. BMO Capital Markets increased their target price on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Mizuho boosted their price objective on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. UBS Group lifted their target price on shares of Everest Group from $370.00 to $374.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Barclays raised their price target on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $375.00.
View Our Latest Analysis on EG
Everest Group Trading Down 0.3%
Everest Group (NYSE:EG – Get Free Report) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The firm 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%. Research analysts forecast that Everest Group will post 52.71 EPS for the current fiscal year.
Insiders Place Their Bets
In other Everest Group news, CEO Jason Keen sold 775 shares of the company’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 in the company, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.
Institutional Investors Weigh In On Everest Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Everest Group by 70.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after buying an additional 830,418 shares in the last quarter. State Street Corp lifted its position in Everest Group by 0.4% during the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after acquiring an additional 7,806 shares during the period. Norges Bank purchased a new position in Everest Group during the 4th quarter valued at about $630,277,000. Vulcan Value Partners LLC boosted its stake in Everest Group by 6.5% during the fourth quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after acquiring an additional 92,274 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Everest Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock worth $395,671,000 after purchasing an additional 4,978 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.
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.
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