Everpure (NYSE:P) Price Target Raised to $87.00

Key Points

• Morgan Stanley raised Everpure’s price target from $84 to $87 while keeping an “equal weight” rating, implying only modest upside from the current share price.
• Other analysts remain mixed-to-positive overall: Everpure has an average rating of “Moderate Buy” with a consensus target price of $93.58, and several firms recently reiterated buy-oriented ratings.
• The company’s latest earnings were strong, with EPS of $0.47 beating estimates and revenue rising 35.2% year over year to $1.05 billion; management also lifted full-year guidance.

Everpure (NYSE:P - Get Free Report) had its price objective boosted by investment analysts at Morgan Stanley from $84.00 to $87.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 1.33% from the company's current price.

Several other research firms have also recently issued reports on P. William Blair reiterated an "outperform" rating on shares of Everpure in a research report on Thursday. Wall Street Zen upgraded Everpure from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Wedbush reiterated an "outperform" rating and set a $100.00 target price on shares of Everpure in a research report on Monday, February 23rd. UBS Group boosted their target price on Everpure from $60.00 to $63.00 and gave the stock a "sell" rating in a research report on Thursday, February 26th. Finally, Weiss Ratings assumed coverage on Everpure in a research report on Monday, April 20th. They set a "hold (c)" rating on the stock. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.58.

Everpure Stock Performance

NYSE P opened at $85.86 on Thursday. Everpure has a 12-month low of $50.20 and a 12-month high of $100.59. The company has a market cap of $28.37 billion, a price-to-earnings ratio of 156.11, a price-to-earnings-growth ratio of 6.50 and a beta of 1.44.

Everpure (NYSE:P - Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $997.88 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm's quarterly revenue was up 35.2% on a year-over-year basis. As a group, equities research analysts forecast that Everpure will post 0.72 EPS for the current year.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 200,000 shares of the company's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the sale, the insider owned 6,625,221 shares of the company's stock, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 534,265 shares of company stock valued at $41,321,234. 5.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everpure

A number of institutional investors and hedge funds have recently bought and sold shares of P. Winnow Wealth LLC acquired a new position in Everpure in the 3rd quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new position in Everpure in the 3rd quarter valued at $27,000. Salomon & Ludwin LLC raised its holdings in Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company's stock valued at $27,000 after acquiring an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in Everpure in the 3rd quarter valued at $28,000. Finally, Sunbelt Securities Inc. raised its holdings in Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company's stock valued at $28,000 after acquiring an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company's stock.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported first-quarter earnings of $0.47 per share, beating estimates, while revenue rose 35.2% year over year to $1.05 billion and also topped expectations. Quarterly earnings report and conference call
• Positive Sentiment: The company raised full-year fiscal 2027 revenue and operating profit guidance, signaling management sees continued demand and pricing strength ahead. First quarter fiscal 2027 financial results
• Neutral Sentiment: Analysts and press reports highlighted record revenue growth and strategic expansion efforts, with supply-chain issues still a backdrop but not derailing results. Earnings call highlights
• Negative Sentiment: Despite the beat, the stock slid after the release because free cash flow dropped and next-quarter revenue guidance came in well below Wall Street’s expectations. Stock slides on free cash flow drop

About Everpure

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.

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