Everforth (NYSE:EFOR) Price Target Raised to $19.00

Everforth (NYSE:EFOR) had its price target hoisted by equities research analysts at UBS Group from $17.00 to $19.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. UBS Group‘s target price suggests a potential downside of 47.99% from the company’s previous close.

Other analysts also recently issued reports about the company. Wells Fargo & Company increased their target price on Everforth from $26.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, October 29th. BMO Capital Markets increased their target price on Everforth from $30.00 to $41.00 and gave the company a “market perform” rating in a research note on Friday, October 9th. Zacks Research downgraded Everforth from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Truist Financial increased their target price on Everforth from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, October 9th. Finally, Weiss Ratings upgraded Everforth from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. 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 Stock Up 6.7%

Shares of NYSE:EFOR traded up $2.28 on Thursday, hitting $36.53. The company had a trading volume of 195,628 shares, compared to its average volume of 959,094. Everforth has a 1 year low of $16.90 and a 1 year 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 stock’s 50-day moving average is $34.92. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.75.

Everforth (NYSE:EFOR) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.09. The company had revenue of $1.03 billion during the quarter. Everforth had a net margin of 1.71% and a return on equity of 8.87%. Everforth’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts anticipate that Everforth will post 3.74 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Ethic Inc. raised its holdings in shares of 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 purchasing an additional 1,092 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of Everforth during the third quarter valued at approximately $241,000. Finally, Crescent Grove Advisors LLC purchased a new position in shares of Everforth during the third quarter valued at approximately $408,000. 95.36% of the stock is owned by hedge funds and other 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.