Everest Group, Ltd. (NYSE:EG) Given Average Recommendation of “Hold” by Brokerages

Everest Group, Ltd. (NYSE:EG) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $363.2143.

EG has been the subject of a number of recent research reports. Evercore set a $365.00 price objective on shares of Everest Group in a research report on Wednesday, January 7th. Wolfe Research upgraded Everest Group from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, TD Cowen lowered their target price on Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research note on Monday, December 15th.

Everest Group Stock Up 0.4%

Shares of NYSE EG opened at $337.44 on Tuesday. The firm has a fifty day moving average of $329.65 and a 200-day moving average of $332.45. The stock has a market capitalization of $14.17 billion, a PE ratio of 8.91, a P/E/G ratio of 0.25 and a beta of 0.36. The company has a quick ratio of 0.39, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group has a 52-week low of $302.44 and a 52-week high of $370.20.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the company posted ($18.39) earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts anticipate that Everest Group will post 47.93 EPS for the current year.

Institutional Investors Weigh In On Everest Group

Several institutional investors and hedge funds have recently made changes to their positions in EG. Root Financial Partners LLC acquired a new stake in shares of Everest Group in the third quarter valued at $30,000. Activest Wealth Management acquired a new stake in Everest Group in the fourth quarter worth $34,000. Raiffeisen Bank International AG acquired a new stake in shares of Everest Group during the fourth quarter worth about $34,000. UMB Bank n.a. lifted its stake in 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 buying an additional 48 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Everest Group in the 4th quarter worth $37,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

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.