Everest Re Group Price Target Lowered to $160.00 at Keefe, Bruyette & Woods (RE)
Equities researchers at Keefe, Bruyette & Woods dropped their price objective on shares of Everest Re Group (NYSE:RE) from $175.00 to $160.00 in a research report issued on Friday, Analyst RN reports. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 15.27% from the company’s current price.
Shares of Everest Re Group (NYSE:RE) traded up 0.96% during mid-day trading on Friday, hitting $138.80. 715,110 shares of the company’s stock traded hands. Everest Re Group has a 1-year low of $118.50 and a 1-year high of $159.86. The stock’s 50-day moving average is $148.1 and its 200-day moving average is $146.0. The company has a market cap of $6.649 billion and a price-to-earnings ratio of 7.26.
Everest Re Group (NYSE:RE) last posted its quarterly earnings results on Thursday, February 6th. The company reported $6.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $4.50 by $1.78. 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. On average, analysts predict that Everest Re Group will post $17.61 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $161.20.
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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