Everest Re Group (RE) Releases Quarterly Earnings Results
Everest Re Group (NYSE:RE) released its earnings data on Thursday. The company reported $6.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $4.50 by $1.78, AnalystRatings.NET reports. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company posted $0.80 earnings per share.
Everest Re Group (NYSE:RE) opened at 142.29 on Thursday. Everest Re Group has a 1-year low of $116.92 and a 1-year high of $159.86. The stock has a 50-day moving average of $148.5 and a 200-day moving average of $146.. The company has a market cap of $6.816 billion and a P/E ratio of 7.51.
A number of analysts have recently weighed in on RE shares. Analysts at Barclays raised their price target on shares of Everest Re Group from $168.00 to $174.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Zacks downgraded shares of Everest Re Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 16th. They now have a $157.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Everest Re Group from a “neutral” rating to a “sell” rating in a research note to investors on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Everest Re Group presently has an average rating of “Hold” and an average price target of $164.75.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.