Everest Group (NYSE:EG) Price Target Raised to $418.00 at Mizuho

Everest Group (NYSE:EG) had its price objective increased by Mizuho from $388.00 to $418.00 in a report issued on Thursday morning, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

EG has been the subject of a number of other reports. Cantor Fitzgerald raised their price objective on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group set a $355.00 target price on shares of Everest Group in a research report on Thursday, May 21st. Keefe, Bruyette & Woods upped their price target on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Barclays increased their price objective on shares of Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $380.14.

Everest Group Price Performance

Shares of NYSE EG opened at $370.83 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. Everest Group has a one year low of $302.44 and a one year high of $379.21. The company’s fifty day moving average is $347.13 and its two-hundred day moving average is $337.40. The firm has a market capitalization of $14.67 billion, a P/E ratio of 7.54, a PEG ratio of 0.57 and a beta of 0.29.

Everest Group (NYSE:EG) last issued its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The company had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Analysts forecast that Everest Group will post 52.77 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $2.00 dividend. The ex-dividend date was Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. Everest Group’s dividend payout ratio (DPR) is 16.27%.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management purchased a new position in Everest Group during the 4th quarter worth approximately $34,000. Raiffeisen Bank International AG purchased a new stake in shares of Everest Group in the fourth quarter valued at $34,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Everest Group in the fourth quarter valued at $37,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group in the second quarter worth $39,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Everest Group in the second quarter worth $43,000. Institutional investors and hedge funds 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.