Everpure, Inc. (NYSE:P) Receives $129.10 Consensus Target Price from Analysts

Everpure, Inc. (NYSE:P) has been given an average rating of “Moderate Buy” by the twenty-one analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $129.10.

A number of equities analysts have weighed in on P shares. Wells Fargo & Company boosted their price target on Everpure from $97.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. lifted their target price on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Susquehanna reissued a “positive” rating and set a $145.00 target price on shares of Everpure in a report on Thursday, August 27th. TD Cowen boosted 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. Finally, William Blair restated an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th.

Insider Buying and Selling at Everpure

In other news, Director Susan J.S. Taylor sold 8,543 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the completion of the sale, the director owned 94,608 shares in the company, valued at approximately $7,733,257.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction dated 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 sale, the insider directly owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 817,520 shares of company stock worth $79,667,896 over the last ninety days. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Everpure

A number of large investors have recently made changes to their positions in P. Continuum Advisory LLC bought a new position in shares of Everpure during the second quarter worth about $29,000. Reflection Asset Management acquired a new position in shares of Everpure in the fourth quarter worth approximately $32,000. SHP Wealth Management bought a new stake in Everpure in the fourth quarter valued at approximately $36,000. Rothschild Investment LLC boosted its holdings in Everpure by 18.1% in the fourth quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after acquiring an additional 152 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Everpure during the 2nd quarter valued at approximately $67,000. Institutional investors own 83.42% of the company’s stock.

Everpure Trading Down 4.5%

Shares of Everpure stock opened at $93.73 on Friday. Everpure has a 12-month low of $56.78 and a 12-month high of $119.10. The company has a market cap of $31.23 billion, a PE ratio of 128.39, a P/E/G ratio of 3.95 and a beta of 1.43. The business’s 50 day moving average is $90.49.

Everpure (NYSE:P) last released its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.51. The business had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. Everpure’s revenue was up 37.7% compared to the same quarter last year. Analysts forecast that Everpure will post 0.96 earnings per share for the current fiscal year.

Everpure Company Profile

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.