Everpure, Inc. (NYSE:P – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven 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.
P has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 5th. Morgan Stanley boosted their target price on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Barclays upped their target price on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Finally, Lake Street Capital increased their price target on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th.
Insider Buying and Selling at Everpure
Institutional Investors Weigh In On Everpure
Several hedge funds and other institutional investors have recently made changes to their positions in P. Sunbelt Securities Inc. boosted its stake in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares during the period. Banque Transatlantique SA bought a new position in Everpure in the 3rd quarter worth approximately $29,000. Salomon & Ludwin LLC increased its position in Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after buying an additional 199 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of Everpure by 2,884.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock worth $29,000 after buying an additional 375 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new position in shares of Everpure during the fourth quarter worth approximately $32,000. 83.42% of the stock is owned by institutional investors and hedge funds.
Everpure Stock Performance
P stock opened at $75.05 on Friday. Everpure has a 1 year low of $54.37 and a 1 year high of $100.59. The firm has a fifty day simple moving average of $75.51. The firm has a market cap of $24.95 billion, a price-to-earnings ratio of 113.71, a PEG ratio of 3.92 and a beta of 1.45.
Everpure (NYSE:P – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. During the same period in the prior year, the company posted $0.29 earnings per share. Everpure’s revenue for the quarter was up 35.2% on a year-over-year basis. Sell-side analysts anticipate that Everpure will post 0.92 earnings per share for the current fiscal year.
About Everpure
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.
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