Everpure, Inc. (NYSE:P) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Everpure, Inc. (NYSE:P) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $143.25.

A number of analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Zacks Research lowered Everpure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Morgan Stanley raised their price objective on Everpure from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Susquehanna reissued a “positive” rating and issued a $145.00 price objective on shares of Everpure in a research note on Thursday, August 27th. Finally, Weiss Ratings upgraded Everpure from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure could nearly double its profit as growth continues, offering a potential fundamental justification for the stock’s recent strength. The company’s latest quarterly revenue increased 37.7% year over year, while EPS substantially exceeded analysts’ expectations. Everpure Could Almost Double Its Profit, But Valuation Remains High
• Neutral Sentiment: Broader investor enthusiasm for AI infrastructure and data-center spending could support high-growth technology stocks, including Everpure, but the referenced article does not provide a specific new company announcement or estimate. 3 AI Infrastructure Stocks With Real Revenue Tied To Data Center Spending
• Negative Sentiment: Valuation remains a major concern: Everpure trades at roughly 215 times earnings and a PEG ratio above 5, leaving the stock vulnerable to a pullback if growth slows or expectations are missed. Everpure Could Almost Double Its Profit, But Valuation Remains High
• Negative Sentiment: Insiders disclosed additional selling. Director Andrew Brown sold 4,268 shares, reducing his position by 15.42%, while Chief Accounting Officer Mona Chu sold 5,112 shares. A separate report also cited 11,942 shares sold under a trading plan. These transactions may weigh on sentiment, although planned sales do not necessarily signal deteriorating business conditions. Everpure Director Sells Shares Under Trading Plan

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 42,930 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $124.17, for a total transaction of $5,330,618.10. Following the completion of the sale, the insider owned 288,362 shares of the company’s stock, valued at $35,805,909.54. The trade was a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 956,824 shares of company stock worth $101,071,768. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of P. Franklin Resources Inc. lifted its stake in shares of Everpure by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company’s stock valued at $201,528,000 after buying an additional 666,941 shares during the period. Mariner LLC increased its stake in Everpure by 3.1% during the fourth quarter. Mariner LLC now owns 2,679,161 shares of the company’s stock valued at $179,538,000 after acquiring an additional 80,039 shares during the period. Goldman Sachs Group Inc. increased its stake in Everpure by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company’s stock valued at $104,150,000 after acquiring an additional 265,846 shares during the period. Amova Asset Management Americas Inc. increased its stake in Everpure by 0.3% during the fourth quarter. Amova Asset Management Americas Inc. now owns 1,081,806 shares of the company’s stock valued at $72,492,000 after acquiring an additional 3,166 shares during the period. Finally, Turiya Advisors Asia Ltd acquired a new position in Everpure in the 4th quarter valued at approximately $67,010,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Trading Up 1.1%

Shares of NYSE P opened at $157.07 on Wednesday. The company has a market cap of $52.34 billion, a PE ratio of 191.74, a price-to-earnings-growth ratio of 5.18 and a beta of 1.39. The firm has a 50 day moving average price of $113.14. Everpure has a 52 week low of $56.78 and a 52 week high of $157.57.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. Analysts predict that Everpure will post 0.95 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.