Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Everest Group (NYSE:EG) Stock

Everest Group (NYSE:EG) had its target price boosted by Keefe, Bruyette & Woods from $411.00 to $414.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 10.78% from the company’s previous close.

Several other research analysts have also recently commented on EG. Wells Fargo & Company boosted their price target on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group set a $355.00 price target on shares of Everest Group in a research note on Thursday, May 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Mizuho raised their price objective on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Barclays boosted their target price on shares of Everest Group from $380.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $373.50.

Everest Group Stock Up 0.2%

Shares of NYSE:EG opened at $373.71 on Wednesday. The stock has a 50-day simple moving average of $346.09 and a 200-day simple moving average of $336.84. The stock has a market capitalization of $14.79 billion, a P/E ratio of 7.60, a PEG ratio of 0.57 and a beta of 0.29. Everest Group has a 1 year low of $302.44 and a 1 year high of $379.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The company had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. Equities analysts forecast that Everest Group will post 52.72 earnings per share for the current year.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the completion of the transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Everest Group

A number of large investors have recently bought and sold shares of EG. Activest Wealth Management acquired a new position in Everest Group in the fourth quarter valued at approximately $34,000. Raiffeisen Bank International AG acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Everest Group in the 2nd quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Everest Group in the 2nd quarter worth approximately $43,000. Institutional investors own 92.64% of the company’s stock.

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.