Everest Group (NYSE:EG) Price Target Raised to $411.00 at Keefe, Bruyette & Woods

Everest Group (NYSE:EG) had its price objective lifted by Keefe, Bruyette & Woods from $402.00 to $411.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

EG has been the subject of several other reports. Wells Fargo & Company lifted their price objective on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a report on Wednesday. Evercore set a $365.00 target price on shares of Everest Group in a research report on Wednesday, January 7th. UBS Group boosted their price target on shares of Everest Group from $370.00 to $374.00 and gave the company a “neutral” rating in a report on Monday. Cantor Fitzgerald dropped their price objective on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $370.57.

Everest Group Stock Up 0.8%

Shares of NYSE EG opened at $352.40 on Wednesday. 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 capitalization of $17.53 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.26 and a beta of 0.35. The stock has a 50 day moving average price of $333.71 and a 200 day moving average price of $329.52. Everest Group has a 52-week low of $302.44 and a 52-week high of $368.29.

Everest Group (NYSE:EG) last released its quarterly earnings data on Wednesday, April 29th. The company reported $16.08 EPS for the quarter, topping the consensus estimate of $13.97 by $2.11. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same period last year, the business posted $6.45 EPS. Everest Group’s quarterly revenue was down 4.6% on a year-over-year basis. Sell-side analysts expect that Everest Group will post 52.98 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $2.00 per share. 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 2.3%. Everest Group’s dividend payout ratio is presently 16.27%.

Hedge Funds Weigh In On Everest Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Everest Group during the 2nd quarter worth $384,000. Marshall Wace LLP purchased a new position in Everest Group during the 2nd quarter worth $238,000. Jump Financial LLC acquired a new position in Everest Group during the 2nd quarter valued at about $1,510,000. Finally, Federated Hermes Inc. raised its stake in Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after buying an additional 510 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

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.