Barclays Issues Positive Forecast for Everest Group (NYSE:EG) Stock Price

Key Points

• Barclays raised its price target on Everest Group from $377 to $380 and maintained an overweight rating, implying roughly a 14.97% upside from the prior close.
• The consensus across analysts is a Hold (six Buys and ten Holds) with an average target of $361.43, which is below Barclays' new target.
• Everest's latest quarter showed EPS of $13.26 (missing estimates by $0.10) and revenue of $4.42B (beating estimates); the stock trades near $330.53 with a market cap of $13.35B and a P/E of 8.73.

Everest Group (NYSE:EG - Get Free Report) had its target price upped by equities research analysts at Barclays from $377.00 to $380.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 14.97% from the company's previous close.

EG has been the topic of a number of other research reports. Weiss Ratings restated a "hold (c)" rating on shares of Everest Group in a report on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their target price on Everest Group from $430.00 to $402.00 and set an "outperform" rating on the stock in a report on Tuesday. UBS Group restated a "buy" rating and issued a $345.00 target price on shares of Everest Group in a report on Monday, January 12th. Mizuho set a $360.00 price target on shares of Everest Group in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company dropped their price target on shares of Everest Group from $332.00 to $310.00 and set an "equal weight" rating on the stock in a research report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $361.43.

Everest Group Stock Up 1.0%

Shares of Everest Group stock traded up $3.15 during trading hours on Wednesday, reaching $330.53. The company's stock had a trading volume of 79,133 shares, compared to its average volume of 359,402. Everest Group has a one year low of $302.44 and a one year high of $368.29. The company has a market capitalization of $13.35 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.24 and a beta of 0.34. The stock's fifty day simple moving average is $329.63 and its two-hundred day simple moving average is $330.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $13.26 earnings per share for the quarter, missing analysts' consensus estimates of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the business posted ($18.39) earnings per share. The firm's quarterly revenue was down 4.6% on a year-over-year basis. On average, research analysts forecast that Everest Group will post 47.93 earnings per share for the current year.

Institutional Trading of Everest Group

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Everest Group in the third quarter valued at $30,000. Activest Wealth Management bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $34,000. Raiffeisen Bank International AG bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $34,000. UMB Bank n.a. raised its position in shares of Everest Group by 81.4% in the third quarter. UMB Bank n.a. now owns 107 shares of the company's stock valued at $37,000 after purchasing an additional 48 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $37,000. 92.64% of the stock is currently owned by institutional investors.

Everest Group Company Profile

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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