Everpure, Inc. (NYSE:P) Given Consensus Rating of “Moderate Buy” by Brokerages

Everpure, Inc. (NYSE:P) has been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $96.3158.

A number of equities analysts recently commented on P shares. Piper Sandler restated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Morgan Stanley lifted their price objective on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Barclays boosted their target price on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Finally, UBS Group boosted their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th.

Insiders Place Their Bets

In other news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the transaction, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,265 shares of company stock valued at $41,321,234 in the last three months. 5.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Provenance Wealth Advisors LLC acquired a new position in shares of Everpure in the third quarter valued at approximately $27,000. Salomon & Ludwin LLC increased its holdings in shares of Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after purchasing an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Everpure in the third quarter valued at approximately $28,000. Sunbelt Securities Inc. increased its holdings in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after purchasing an additional 222 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Price Performance

Shares of Everpure stock opened at $80.98 on Thursday. Everpure has a 12 month low of $50.20 and a 12 month high of $100.59. The stock has a market cap of $26.76 billion, a P/E ratio of 122.70, a PEG ratio of 5.88 and a beta of 1.44.

Everpure (NYSE:P) last announced its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. During the same period last year, the business posted $0.29 EPS. Everpure’s revenue for the quarter was up 35.2% on a year-over-year basis. As a group, equities analysts expect that Everpure will post 0.73 EPS for the current fiscal year.

Everpure Company Profile

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.