Everpure (NYSE:P – Get Free Report)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $130.00 price objective on the stock. Wedbush’s price objective would suggest a potential upside of 0.93% from the stock’s current price.
Other analysts also recently issued reports about the company. Oppenheimer restated an “outperform” rating and set a $140.00 price objective on shares of Everpure in a research report on Thursday, August 20th. TD Cowen upped their target price on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Evercore reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Everpure in a report on Monday, August 24th. Bank of America raised Everpure from a “neutral” rating to a “buy” rating and increased their price target for the company from $90.00 to $150.00 in a research note on Thursday, August 27th. Finally, William Blair restated an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.55.
Check Out Our Latest Analysis on Everpure
Everpure Price Performance
Everpure (NYSE:P – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, research analysts predict that Everpure will post 0.96 EPS for the current fiscal year.
Insider Activity at Everpure
In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the transaction, the insider directly owned 340,939 shares in the company, valued at $26,634,154.68. This represents a 2.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 908,050 shares of company stock worth $89,995,156. 5.10% of the stock is owned by insiders.
Institutional Trading of Everpure
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC bought a new stake in shares of Everpure during the 2nd quarter valued at $29,000. Reflection Asset Management purchased a new position in shares of Everpure in the 4th quarter worth about $32,000. SHP Wealth Management purchased a new position in shares of Everpure in the 4th quarter worth about $36,000. Ancora Advisors LLC purchased a new position in shares of Everpure in the 2nd quarter worth about $67,000. Finally, Rothschild Investment LLC boosted its holdings in shares of Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after purchasing an additional 152 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.
Key Everpure News
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Everpure raised its preliminary fiscal 2028 revenue outlook to $7.0 billion-$7.3 billion, well above the roughly $6.2 billion consensus estimate. Management said growth should accelerate as artificial-intelligence demand expands its data-storage and management business. Everpure Stock Rises as AI Demand Underpins Surprising Revenue Growth Acceleration
- Positive Sentiment: The company outlined four strategic growth areas at its analyst meeting, while reaffirming its fiscal 2027 outlook. The expansion of its business model provides a more favorable long-term revenue narrative. Everpure’s Expanding Business Model Fuels New Long-Term Outlook
- Positive Sentiment: Analysts increased or reaffirmed bullish views following the update. Wells Fargo raised its target to $145 and assigned an overweight rating, while Needham and Guggenheim reiterated buy ratings with $150 targets. Wedbush maintained an outperform rating and a $130 target. These targets imply substantial upside from recent trading levels.
- Positive Sentiment: Everpure was again named a Leader in Gartner’s Magic Quadrant for Infrastructure Platform Consumption Services, supporting its competitive positioning in an expanding market. Everpure Recognized as a Leader in the 2026 Gartner Magic Quadrant
- Neutral Sentiment: Everpure appointed Alison McQuarrie as its A/NZ partners lead. The move may support regional channel growth but is unlikely to materially affect near-term earnings.
- Negative Sentiment: Insider John Colgrove sold 100,000 shares worth approximately $11.0 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing its bearish significance, but the sale nevertheless appears to be weighing on sentiment.
About Everpure
Everpure is a water-treatment and filtration brand owned by Pentair plc, rather than a separately listed company trading under the NYSE symbol P. The brand provides filtration and water-conditioning solutions for residential, commercial, foodservice, and beverage applications.
Its product portfolio includes water filters, cartridges, heads, manifolds, reverse-osmosis systems, scale-reduction products, and related treatment equipment. Everpure systems are used to improve water quality and help protect equipment in applications such as drinking-water dispensers, coffee and tea equipment, ice machines, restaurants, and other foodservice operations.
Everpure was established in 1933 and serves customers through Pentair’s global water-solutions business.
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