Brokerages Set Everpure, Inc. (NYSE:P) Target Price at $96.50

Everpure, Inc. (NYSE:P) has been given an average rating of “Moderate Buy” by the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $96.50.

P has been the topic of several research analyst reports. Guggenheim lifted their price objective on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Everpure in a report on Thursday, May 28th. Barclays lifted their price target on shares of Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Wedbush increased their price objective on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 5th.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Analysts continue to view Everpure as a strong growth stock, with a consensus rating of “Moderate Buy” and support from Zacks for its earnings and cash flow outlook. Everpure, Inc. (NYSE:P) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Market commentary says Everpure is increasingly being valued not just as a growth story, but as a company with improving earnings quality, strong cash generation, and favorable estimate revisions. Does Everpure (P) Signal A Shift From Pure Growth Story To Earnings Quality-Driven Narrative?
• Positive Sentiment: Everpure was again highlighted for its above-average growth profile, with multiple articles pointing to strong financial growth and potential to outperform the broader market. Everpure (P) And The AI Infrastructure Narrative As Valuation Questions Grow
• Neutral Sentiment: Broader industry coverage on enterprise storage and AI-ready data underscores the market’s enthusiasm for AI infrastructure, a backdrop that may indirectly support Everpure’s narrative. Enterprise Storage Is Rebuilding Itself Around AI-Ready Data
• Neutral Sentiment: Additional coverage repeated the view that Everpure remains attractive to growth investors, though the articles were largely reiterations of the same bullish thesis rather than new company-specific catalysts. 3 Reasons Growth Investors Will Love Everpure (P)

Everpure Stock Performance

Shares of NYSE:P opened at $74.48 on Friday. The stock has a market capitalization of $24.76 billion, a P/E ratio of 112.84, a P/E/G ratio of 4.22 and a beta of 1.45. Everpure has a 52 week low of $54.37 and a 52 week high of $100.59. The firm has a fifty day simple moving average of $75.87.

Everpure (NYSE:P) last released its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. Research analysts forecast that Everpure will post 0.92 earnings per share for the current year.

Insider Activity

In other news, Director Susan J.S. Taylor sold 8,543 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the transaction, the director directly owned 94,608 shares of the company’s stock, valued at approximately $7,733,257.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the transaction, the insider owned 6,625,221 shares of the company’s stock, valued at $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 572,345 shares of company stock valued at $45,408,075. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of P. Salomon & Ludwin LLC grew its holdings in Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of 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 purchasing an additional 244 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Everpure by 2,884.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 375 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Everpure during the third quarter worth about $29,000. Finally, Reflection Asset Management acquired a new position in Everpure in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

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.