Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Everest Group (NYSE:EG) Stock

Key Points

• Keefe, Bruyette & Woods raised its target price to $411, keeping an "outperform" rating and signaling roughly a 16.27% upside from the current share price.
• The analyst consensus is mixed—five Buys versus eleven Holds—resulting in an average rating of "Hold" and an average target of $370.57, even as multiple brokers recently nudged up their price objectives.
• Everest beat Q1 EPS estimates with $16.08 per share while revenue fell 4.6% YoY; the stock trades near $353, has a P/E around 7.17, and about 92.6% institutional ownership.

Everest Group (NYSE:EG - Get Free Report) had its target price upped by stock analysts at Keefe, Bruyette & Woods from $402.00 to $411.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 16.27% from the company's current price.

Several other brokerages also recently weighed in on EG. Wells Fargo & Company lifted their target price on Everest Group from $332.00 to $356.00 and gave the company an "equal weight" rating in a research note on Wednesday. Barclays boosted their price objective on shares of Everest Group from $377.00 to $380.00 and gave the company an "overweight" rating in a research note on Wednesday, April 8th. Evercore set a $365.00 target price on shares of Everest Group in a research note on Wednesday, January 7th. Mizuho lifted their target price on shares of Everest Group from $360.00 to $365.00 and gave the company a "neutral" rating in a report on Monday, April 13th. Finally, UBS Group increased their price target on shares of Everest Group from $370.00 to $374.00 and gave the stock a "neutral" rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $370.57.

Everest Group Stock Performance

NYSE EG traded up $3.80 during trading on Wednesday, reaching $353.48. The company's stock had a trading volume of 31,343 shares, compared to its average volume of 355,348. The business's fifty day moving average price is $333.41 and its 200-day moving average price is $329.44. Everest Group has a twelve month low of $302.44 and a twelve month high of $368.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.35. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.26 and a beta of 0.35.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $16.08 earnings per share for the quarter, topping the consensus estimate of $13.97 by $2.11. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the prior year, the firm earned $6.45 earnings per share. The business's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, analysts anticipate that Everest Group will post 53.31 EPS for the current fiscal year.

Institutional Trading of Everest Group

Several institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its holdings in Everest Group by 0.4% in the first quarter. Bessemer Group Inc. now owns 10,403 shares of the company's stock valued at $3,401,000 after buying an additional 42 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in Everest Group by 17.9% in the 1st quarter. Wealthfront Advisers LLC now owns 835 shares of the company's stock worth $273,000 after buying an additional 127 shares in the last quarter. Twin Capital Management Inc. increased its holdings in shares of Everest Group by 1.6% during the first quarter. Twin Capital Management Inc. now owns 3,978 shares of the company's stock valued at $1,300,000 after purchasing an additional 64 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Everest Group by 40.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 13,401 shares of the company's stock worth $4,380,000 after buying an additional 3,827 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of Everest Group by 10.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,066 shares of the company's stock worth $348,000 after buying an additional 100 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

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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