Everforth (NYSE:EFOR – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $34.92 and traded as low as $34.01. Everforth shares last traded at $34.12, with a volume of 1,526,088 shares.
Wall Street Analysts Forecast Growth
EFOR has been the topic of several research reports. Weiss Ratings raised Everforth from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 28th. Wells Fargo & Company raised their price objective on Everforth from $26.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Zacks Research lowered Everforth from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. BMO Capital Markets boosted their price target on shares of Everforth from $30.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, October 9th. Finally, Truist Financial upped their price target on shares of Everforth from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $33.83.
Check Out Our Latest Research Report on Everforth
Everforth Stock Down 9.0%
The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $1.40 billion, a PE ratio of 20.93 and a beta of 0.42. The business’s 50-day moving average is $34.92.
Everforth (NYSE:EFOR – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.09. Everforth had a return on equity of 8.87% and a net margin of 1.71%. The company had revenue of $1.03 billion for the quarter. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Everforth will post 3.74 earnings per share for the current fiscal year.
Institutional Trading of Everforth
Hedge funds have recently bought and sold shares of the stock. Crescent Grove Advisors LLC acquired a new stake in Everforth during the third quarter worth about $408,000. Ethic Inc. increased its stake in Everforth by 10.8% during the third quarter. Ethic Inc. now owns 11,207 shares of the company’s stock valued at $369,000 after acquiring an additional 1,092 shares during the period. Finally, Pictet Asset Management Holding SA bought a new position in Everforth during the third quarter valued at about $241,000. 95.36% of the stock is owned by institutional investors.
About Everforth
Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers.
In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.
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