Everforth (NYSE:EFOR) Stock Now Rated "Reduce" by Wall Street Analysts

Key Points

• Analysts collectively rate Everforth “Reduce”: Of eight covering brokerages, two recommend selling, five rate it hold, and one says buy; the average 12-month price target is $33.83.
• Recent analyst views are mixed: Truist raised its target to $45 and kept a buy rating, while Wells Fargo raised its target to $38 but maintained an equal-weight rating; other firms also adjusted their ratings.
• Everforth beat quarterly earnings expectations, reporting EPS of $1.11 versus estimates of $1.02, while revenue rose 2% year over year to $1.03 billion. Institutional investors own 95.36% of its shares.

Shares of Everforth (NYSE:EFOR - Get Free Report) have received a consensus rating of "Reduce" from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.83.

A number of research firms recently weighed in on EFOR. Truist Financial increased their price objective on Everforth from $36.00 to $45.00 and gave the company a "buy" rating in a report on Friday, October 9th. Weiss Ratings raised Everforth from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday, September 28th. Wells Fargo & Company lifted their target price on Everforth from $26.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, October 29th. Zacks Research lowered Everforth from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Finally, Wall Street Zen raised Everforth from a "hold" rating to a "buy" rating in a research note on Saturday, October 31st.

Institutional Trading of Everforth

Several institutional investors have recently added to or reduced their stakes in EFOR. Private Advisor Group LLC acquired a new stake in Everforth during the 3rd quarter valued at approximately $216,000. Boston Partners acquired a new position in shares of Everforth in the 3rd quarter worth approximately $42,521,000. Meeder Asset Management Inc. acquired a new position in shares of Everforth in the 3rd quarter worth approximately $136,000. Voya Investment Management LLC bought a new stake in shares of Everforth in the 3rd quarter valued at $262,000. Finally, Rothschild Investment LLC boosted its stake in shares of Everforth by 13.8% in the 3rd quarter. Rothschild Investment LLC now owns 4,798 shares of the company's stock valued at $158,000 after purchasing an additional 583 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Everforth Price Performance

EFOR opened at $35.94 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.75. Everforth has a fifty-two week low of $16.90 and a fifty-two week high of $54.94. The stock's 50 day simple moving average is $35.32. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 22.05 and a beta of 0.42.

Everforth (NYSE:EFOR - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.09. The firm had revenue of $1.03 billion during the quarter. Everforth had a net margin of 1.71% and a return on equity of 8.87%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Everforth will post 3.74 EPS for the current year.

About Everforth

Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers. In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.

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