Deutsche Bank Reiterates Hold Rating for Everest Re Group (RE)
Everest Re Group (NYSE:RE)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Friday. They currently have a $169.00 target price on the stock, down from their previous target price of $170.00. Deutsche Bank’s price objective would indicate a potential upside of 5.15% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Everest Re Group from $174.00 to $176.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Everest Re Group in a research note on Friday, May 30th. They now have a $168.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Everest Re Group presently has an average rating of “Hold” and an average target price of $168.25.
In other Everest Re Group news, EVP Saram Mark S. De sold 2,000 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $165.00, for a total value of $330,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Everest Re Group (NYSE:RE) traded down 1.19% on Friday, hitting $160.72. The stock had a trading volume of 350,105 shares. Everest Re Group has a 52-week low of $130.72 and a 52-week high of $165.65. The stock has a 50-day moving average of $161.4 and a 200-day moving average of $154.3. The company has a market cap of $7.343 billion and a price-to-earnings ratio of 6.56.
Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $5.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $5.57 by $0.16. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $5.10 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Everest Re Group will post $19.50 earnings per share 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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