Everpure (NYSE:P) Stock Jumps 5% on Analyst Upgrade

Everpure, Inc. (NYSE:P)’s share price was up 5% during mid-day trading on Friday after Barclays raised their price target on the stock from $110.00 to $132.00. Barclays currently has an equal weight rating on the stock. Everpure traded as high as $127.89 and last traded at $128.0330. 3,162,470 shares were traded during trading, a decline of 16% from the average session volume of 3,746,926 shares. The stock had previously closed at $121.88.

A number of other brokerages have also issued reports on P. Wells Fargo & Company lifted their target price on Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday. Lake Street Capital raised their price objective on Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research downgraded Everpure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wedbush reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Everpure in a research report on Thursday. Finally, Citigroup increased their target price on Everpure from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.25.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the transaction, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,008,050 shares of company stock worth $101,591,156 in the last quarter. Company insiders own 5.10% of the company’s stock.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: At its analyst meeting, Everpure projected fiscal 2028 revenue of $7.0 billion to $7.3 billion, representing approximately 39% to 45% growth and exceeding the roughly $6.2 billion analyst consensus. Management identified four strategic growth areas and described the business as reaching an “inflection point.” Everpure shares jump as fiscal 2028 outlook tops estimates
• Positive Sentiment: CEO Charles Giancarlo said there is no sign of a slowdown in data-center demand, with hyperscale customers and AI workloads supporting expectations for accelerating growth. Everpure also reaffirmed its fiscal 2027 guidance. No sign of data center slowdown, says Everpure CEO
• Positive Sentiment: Analysts raised their expectations following the outlook. CFRA upgraded Everpure, while Northland Securities increased its Q3 2028 EPS forecast to $0.62 from $0.55 and its Q4 forecast to $0.80 from $0.70. Citigroup also raised its price target to $160 and maintained a Buy rating. Everpure rises on back of CFRA upgrade
• Positive Sentiment: The growth forecast builds on strong recent execution: quarterly revenue rose 37.7% year over year to $1.19 billion, while EPS of $0.70 exceeded the $0.19 consensus estimate.
• Neutral Sentiment: Everpure’s shares are near their 52-week high after a sharp rally, and trading was briefly halted under a limit-up/limit-down pause, highlighting elevated volatility.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.6 million under a pre-arranged Rule 10b5-1 plan. He retained more than 5.7 million shares, but the sale may add some investor caution after the stock’s advance. SEC insider transaction filing

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Paradigm Capital Management Inc. NY bought a new stake in Everpure in the second quarter valued at $2,127,000. Nykredit A S bought a new position in shares of Everpure during the second quarter worth about $9,412,000. Raiffeisen Bank International AG acquired a new stake in shares of Everpure in the 2nd quarter worth about $25,525,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Everpure in the 2nd quarter worth about $814,000. Finally, Wellington Management Group LLP bought a new stake in Everpure in the 2nd quarter valued at about $2,192,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Stock Up 5.1%

The stock’s 50-day moving average price is $95.49. The stock has a market cap of $42.67 billion, a PE ratio of 175.40, a P/E/G ratio of 4.46 and a beta of 1.43.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm had revenue of $1.19 billion during the quarter. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, research analysts predict that Everpure, Inc. 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.