Keefe, Bruyette & Woods Issues Positive Forecast for Everest Group (NYSE:EG) Stock Price

Everest Group (NYSE:EG) had its price objective increased by research analysts at Keefe, Bruyette & Woods from $411.00 to $414.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 10.78% from the stock’s current price.

A number of other brokerages also recently issued reports on EG. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Wells Fargo & Company upped their price objective on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. UBS Group set a $355.00 price objective on Everest Group in a research report on Thursday, May 21st. Mizuho raised their target price on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Bank of America boosted their target price on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $373.50.

Everest Group Stock Up 0.2%

EG stock opened at $373.71 on Wednesday. The stock has a market capitalization of $14.79 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 0.57 and a beta of 0.29. The company has a fifty day moving average of $346.09 and a 200-day moving average of $336.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. Everest Group has a one year low of $302.44 and a one year high of $379.22.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The firm had revenue of $4.07 billion during the quarter. As a group, analysts expect that Everest Group will post 52.72 EPS for the current year.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the transaction, the chief executive officer directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Institutional Trading of Everest Group

Several large investors have recently modified their holdings of EG. Activest Wealth Management purchased a new stake in Everest Group in the 4th quarter valued at approximately $34,000. Raiffeisen Bank International AG acquired a new position in shares of Everest Group in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Everest Group in the fourth quarter valued at $37,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group during the second quarter valued at $39,000. Finally, MUFG Securities EMEA plc purchased a new stake in Everest Group during the 2nd quarter worth about $43,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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.