Everest Group, Ltd. (NYSE:EG – Get Free Report) has been given a consensus rating of “Hold” by the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $370.0714.
A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Morgan Stanley raised their price target on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. UBS Group set a $355.00 price target on Everest Group in a research note on Thursday, May 21st. Finally, BMO Capital Markets raised their price target on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th.
View Our Latest Research Report on EG
Insider Buying and Selling at Everest Group
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its stake in shares of Everest Group by 70.1% in the 1st quarter. Parallel Advisors LLC now owns 767 shares of the company’s stock valued at $251,000 after acquiring an additional 316 shares in the last quarter. Summitry LLC bought a new position in shares of Everest Group in the 1st quarter valued at approximately $202,000. Bank of America Corp DE raised its stake in shares of Everest Group by 7.7% in the 1st quarter. Bank of America Corp DE now owns 233,326 shares of the company’s stock valued at $76,263,000 after acquiring an additional 16,701 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Everest Group by 18.7% in the 1st quarter. Edgestream Partners L.P. now owns 23,149 shares of the company’s stock valued at $7,566,000 after acquiring an additional 3,647 shares in the last quarter. Finally, Strategic Investment Advisors MI raised its stake in shares of Everest Group by 73.8% in the 1st quarter. Strategic Investment Advisors MI now owns 3,717 shares of the company’s stock valued at $1,212,000 after acquiring an additional 1,578 shares in the last quarter. 92.64% of the stock is owned by institutional investors.
Everest Group Trading Up 3.5%
Shares of NYSE EG opened at $355.01 on Monday. Everest Group has a one year low of $302.44 and a one year high of $368.29. The firm has a market capitalization of $14.05 billion, a PE ratio of 7.22, a PEG ratio of 0.53 and a beta of 0.31. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $343.45 and a two-hundred day moving average price of $334.50.
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. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion during the quarter. As a group, analysts predict that Everest Group will post 52.79 earnings per share for the current fiscal year.
Everest Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. Everest Group’s dividend payout ratio (DPR) is 16.27%.
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.
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