Everest Group (NYSE:EG) Price Target Cut to $402.00 by Analysts at Keefe, Bruyette & Woods

Everest Group (NYSE:EG) had its price objective cut by Keefe, Bruyette & Woods from $430.00 to $402.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. UBS Group reiterated a “buy” rating and issued a $345.00 price target on shares of Everest Group in a research report on Monday, January 12th. Mizuho set a $360.00 price target on Everest Group in a research report on Wednesday, February 11th. TD Cowen lowered their price target on Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research report on Monday, December 15th. Evercore set a $365.00 price target on Everest Group in a research report on Wednesday, January 7th. Finally, Barclays upped their price target on Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $361.21.

Everest Group Stock Performance

EG opened at $327.13 on Tuesday. The stock has a market cap of $13.21 billion, a PE ratio of 8.64, a P/E/G ratio of 0.24 and a beta of 0.34. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. Everest Group has a 1 year low of $302.44 and a 1 year high of $368.29. The stock’s 50 day simple moving average is $329.63 and its 200-day simple moving average is $330.26.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Thursday, February 5th. The company reported $13.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $3.97 billion. During the same quarter last year, the company earned ($18.39) earnings per share. The business’s revenue was down 4.6% on a year-over-year basis. Sell-side analysts forecast that Everest Group will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group’s payout ratio is currently 21.13%.

Hedge Funds Weigh In On Everest Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of Everest Group during the third quarter valued at $30,000. Activest Wealth Management acquired a new position in shares of Everest Group during the fourth quarter valued at $34,000. Raiffeisen Bank International AG acquired a new position in shares of Everest Group during the fourth quarter valued at $34,000. UMB Bank n.a. lifted its stake in shares of Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after acquiring an additional 48 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Everest Group during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

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.