Everest Group, Ltd. (NYSE:EG) Given Average Recommendation of “Hold” by Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average recommendation of “Hold” by the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $363.2143.

A number of research analysts recently issued reports on EG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Evercore set a $365.00 price target on Everest Group in a research note on Wednesday, January 7th. Wolfe Research upgraded Everest Group from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 29th. Mizuho set a $360.00 target price on shares of Everest Group in a report on Wednesday, February 11th. Finally, Wells Fargo & Company dropped their price target on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th.

Everest Group Stock Performance

Shares of EG stock opened at $337.44 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.37. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.25 and a beta of 0.36. The company has a 50-day simple moving average of $329.65 and a 200 day simple moving average of $332.45. Everest Group has a 52 week low of $302.44 and a 52 week high of $370.20.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted ($18.39) EPS. The company’s revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts predict that Everest Group will post 47.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. OMERS ADMINISTRATION Corp grew its position in shares of Everest Group by 20.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,293 shares of the company’s stock valued at $2,814,000 after purchasing an additional 1,386 shares in the last quarter. USS Investment Management Ltd boosted its holdings in Everest Group by 1.9% in the fourth quarter. USS Investment Management Ltd now owns 6,368 shares of the company’s stock valued at $2,162,000 after acquiring an additional 118 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Everest Group by 676.0% during the fourth quarter. Verition Fund Management LLC now owns 12,408 shares of the company’s stock valued at $4,211,000 after buying an additional 10,809 shares during the period. Mariner LLC lifted its stake in shares of Everest Group by 26.3% in the 4th quarter. Mariner LLC now owns 27,258 shares of the company’s stock valued at $9,252,000 after purchasing an additional 5,682 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Everest Group by 3.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,659 shares of the company’s stock valued at $10,404,000 after buying an additional 998 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.