Everest Group, Ltd. (NYSE:EG) Receives $363.21 Consensus PT from Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average rating of “Hold” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $363.2143.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Everest Group in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Evercore set a $365.00 target price on shares of Everest Group in a research note on Wednesday, January 7th. Finally, Cantor Fitzgerald decreased their price target on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th.

Hedge Funds Weigh In On Everest Group

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after buying an additional 830,418 shares in the last quarter. State Street Corp boosted its position in shares of Everest Group by 0.4% in the fourth quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after acquiring an additional 7,806 shares during the period. Norges Bank acquired a new position in shares of Everest Group in the fourth quarter valued at about $630,277,000. Vulcan Value Partners LLC increased its position in Everest Group by 6.5% during the fourth quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after acquiring an additional 92,274 shares during the period. Finally, Geode Capital Management LLC raised its stake in Everest Group by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock worth $414,385,000 after purchasing an additional 6,217 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 1.4%

Shares of EG stock opened at $337.61 on Tuesday. Everest Group has a 52-week low of $302.44 and a 52-week high of $370.20. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.25 and a beta of 0.36. The firm’s 50-day moving average is $331.81 and its 200-day moving average is $332.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.37.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($18.39) EPS. Sell-side analysts predict that Everest Group will post 47.93 EPS for the current year.

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.