Everest Group, Ltd. (NYSE:EG) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Everest Group, with 12 hold ratings and four buys among 16 analysts. The average 12-month price target is $393.93, above the stock’s reported $369.26 price.
• Everest Group exceeded quarterly earnings expectations, reporting $14.85 in EPS versus $14.52 forecast, although revenue of $3.96 billion fell short of estimates and declined 11.8% year over year.
• The company pays a quarterly dividend of $2.00, equivalent to an annualized $8.00 dividend and a 2.2% yield. Institutional investors own 92.64% of its shares.

Everest Group, Ltd. (NYSE:EG - Get Free Report) has received a consensus recommendation of "Hold" from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $393.9333.

A number of equities analysts have issued reports on the company. UBS Group lifted their price target on Everest Group from $374.00 to $395.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Cantor Fitzgerald upped their price objective on Everest Group from $344.00 to $390.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Evercore set a $377.00 price target on shares of Everest Group in a research note on Thursday, July 30th. Mizuho cut their price target on Everest Group from $418.00 to $416.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, Wells Fargo & Company boosted their price objective on Everest Group from $373.00 to $396.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st.

Institutional Trading of Everest Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Trifecta Capital Advisors LLC purchased a new position in Everest Group in the 2nd quarter valued at approximately $29,000. Activest Wealth Management purchased a new stake in shares of Everest Group during the fourth quarter worth $34,000. Raiffeisen Bank International AG bought a new position in shares of Everest Group in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. bought a new position in shares of Everest Group in the fourth quarter worth $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group in the second quarter valued at $39,000. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Performance

Shares of EG stock opened at $369.26 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $359.66 and a two-hundred day simple moving average of $344.33. Everest Group has a 12 month low of $302.44 and a 12 month high of $401.07. The firm has a market capitalization of $14.16 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.74 and a beta of 0.29.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, beating analysts' consensus estimates of $14.52 by $0.33. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm earned $16.10 earnings per share. Analysts forecast that Everest Group will post 53.13 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $2.00 dividend. The ex-dividend date was Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. Everest Group's dividend payout ratio (DPR) is presently 16.92%.

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.

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