Everest Re Group Upgraded to “Overweight” at Barclays Capital (RE)
Everest Re Group (NYSE:RE) was upgraded by equities research analysts at Barclays Capital from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday, AR Network reports.
A number of other firms have also recently commented on RE. Analysts at Zacks reiterated an “outperform” rating on shares of Everest Re Group (NYSE:RE) in a research note to investors on Friday, August 30th. They now have a $165.00 price target on the stock. Analysts at UBS AG raised their price target on shares of Everest Re Group (NYSE:RE) from $145.00 to $150.00 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Everest Re Group has a consensus rating of “Buy” and a consensus target price of $146.75.
Shares of Everest Re Group (NYSE:RE) traded up 0.33% on Wednesday, hitting $146.385. 112,302 shares of the company’s stock traded hands. Everest Re Group has a 52 week low of $101.66 and a 52 week high of $147.05. The stock has a 50-day moving average of $139.7 and a 200-day moving average of $132.3. The company has a market cap of $7.118 billion and a P/E ratio of 7.70.
Everest Re Group (NYSE:RE) last released its earnings data on Tuesday, July 23rd. The company reported $5.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.21 by $0.89. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $4.25 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts expect that Everest Re Group will post $18.00 EPS for the current fiscal year.
Everest Re Group, Ltd. through its subsidiaries, is principally engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets.
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