Everforth (NYSE:EFOR) Price Target Raised to $41.00

Everforth (NYSE:EFOR) had its price target hoisted by equities research analysts at BMO Capital Markets from $30.00 to $41.00 in a research report issued on Friday, October 9th, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets‘s target price suggests a potential upside of 12.24% from the company’s previous close.

Several other research analysts have also recently weighed in on EFOR. Wells Fargo & Company decreased their price objective on shares of Everforth from $33.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Weiss Ratings raised shares of Everforth from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 28th. Zacks Research cut shares of Everforth from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Truist Financial boosted their price objective on shares of Everforth from $36.00 to $45.00 and gave the company a “buy” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Everforth has an average rating of “Reduce” and a consensus price target of $33.83.

Everforth Price Performance

NYSE EFOR traded up $2.28 during trading hours on Friday, reaching $36.53. 195,628 shares of the company’s stock traded hands, compared to its average volume of 959,094. Everforth has a 52-week low of $16.90 and a 52-week high of $54.94. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 22.41 and a beta of 0.42. The business’s 50-day simple moving average is $34.92. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.75.

Everforth (NYSE:EFOR) last released its earnings results on Wednesday, October 28th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.09. The firm had revenue of $1.03 billion for the quarter. Everforth had a return on equity of 8.87% and a net margin of 1.71%. Everforth’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that Everforth will post 3.74 EPS for the current fiscal year.

Institutional Trading of Everforth

Several large investors have recently added to or reduced their stakes in EFOR. Ethic Inc. grew its position in Everforth by 10.8% during the third quarter. Ethic Inc. now owns 11,207 shares of the company’s stock valued at $369,000 after buying an additional 1,092 shares during the period. Pictet Asset Management Holding SA bought a new stake in Everforth during the third quarter valued at approximately $241,000. Crescent Grove Advisors LLC bought a new stake in Everforth during the third quarter valued at approximately $408,000. Finally, SG Americas Securities LLC grew its position in Everforth by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after buying an additional 27,903 shares during the period. 95.36% of the stock is currently owned by institutional investors.

About Everforth

Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers.

In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.