Wells Fargo & Company Forecasts Strong Price Appreciation for Everest Group (NYSE:EG) Stock

Everest Group (NYSE:EG) had its target price increased by stock analysts at Wells Fargo & Company from $373.00 to $396.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 5.96% from the stock’s previous close.

EG has been the topic of several other reports. Cantor Fitzgerald lifted their price objective on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. UBS Group set a $355.00 target price on Everest Group in a research note on Thursday, May 21st. Mizuho set a $416.00 price target on shares of Everest Group in a research report on Friday. Morgan Stanley lifted their price target on shares of Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Everest Group in a report on Friday. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $389.93.

Everest Group Stock Down 0.4%

Shares of NYSE EG traded down $1.65 during midday trading on Friday, reaching $373.71. 31,246 shares of the company’s stock were exchanged, compared to its average volume of 378,426. Everest Group has a 52-week low of $302.44 and a 52-week high of $401.07. The stock has a market capitalization of $14.79 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.61 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The business’s fifty day moving average price is $355.30 and its two-hundred day moving average price is $341.87.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, topping the consensus estimate of $14.52 by $0.33. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Everest Group had a return on equity of 13.64% and a net margin of 11.41%.The company’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $16.10 earnings per share. Analysts forecast that Everest Group will post 52.86 EPS for the current year.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everest Group

Institutional investors have recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new stake in shares of Everest Group during the 2nd quarter valued at approximately $1,238,000. Polianta Ltd acquired a new position in Everest Group in the second quarter worth $2,000,000. Palouse Capital Management Inc. boosted its holdings in Everest Group by 5.6% in the second quarter. Palouse Capital Management Inc. now owns 5,638 shares of the company’s stock worth $2,014,000 after purchasing an additional 298 shares during the period. Czech National Bank increased its stake in Everest Group by 1.6% during the second quarter. Czech National Bank now owns 11,264 shares of the company’s stock valued at $4,024,000 after purchasing an additional 180 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Everest Group by 46.0% during the second quarter. GAMMA Investing LLC now owns 1,730 shares of the company’s stock valued at $618,000 after purchasing an additional 545 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

About Everest Group

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.