Everest Group (NYSE:EG – Get Free Report) had its price target boosted by stock analysts at Mizuho from $388.00 to $418.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 12.48% from the stock’s previous close.
A number of other research analysts have also recently commented on the company. Morgan Stanley increased their price target on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company upped their target price on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Keefe, Bruyette & Woods lifted their price target on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Everest Group in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus target price of $375.64.
Read Our Latest Stock Report on EG
Everest Group Price Performance
Everest Group (NYSE:EG – Get Free Report) last issued its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The firm had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Research analysts anticipate that Everest Group will post 52.77 EPS for the current fiscal year.
Insider Transactions at Everest Group
In other Everest Group news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction dated 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Everest Group
A number of hedge funds have recently made changes to their positions in EG. Activest Wealth Management acquired a new stake in Everest Group during the 4th quarter valued at approximately $34,000. Raiffeisen Bank International AG acquired a new position in shares of Everest Group in the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Everest Group in the 4th quarter valued at $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Everest Group in the 2nd quarter valued at $39,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Everest Group during the second quarter worth $43,000. 92.64% of the stock is currently owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than Everest Group
- Catching the AI Wave: DigitalOcean Reels in AI Whales
- Rivian’s 75 Million-Share Offering Turns the R2 Growth Story Into a Dilution Test
- Sony Is Going All-Digital—But Investors Should Watch This Instead
- Scotiabank Sees a New Growth Story for Cloudflare
Receive News & Ratings for Everest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Group and related companies with MarketBeat.com's FREE daily email newsletter.
