Wedbush Reiterates “Outperform” Rating for Everpure (NYSE:P)

Everpure (NYSE:P)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $130.00 target price on the stock. Wedbush’s price target would indicate a potential upside of 0.95% from the stock’s previous close.

P has been the topic of a number of other reports. DA Davidson set a $100.00 price objective on Everpure in a research note on Wednesday, July 1st. Guggenheim reissued a “buy” rating and issued a $150.00 price objective on shares of Everpure in a research note on Thursday, August 27th. Citigroup raised their price objective on Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. TD Cowen raised their price objective on Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $122.00 price objective on shares of Everpure in a research note on Thursday, August 27th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and an average target price of $133.70.

Everpure Trading Up 17.4%

Shares of Everpure stock traded up $19.13 during trading on Thursday, hitting $128.78. 5,214,760 shares of the stock traded hands, compared to its average volume of 3,711,734. The business’s fifty day moving average is $94.42. Everpure has a twelve month low of $56.78 and a twelve month high of $131.41. The company has a market capitalization of $42.91 billion, a PE ratio of 176.98, a P/E/G ratio of 4.46 and a beta of 1.43.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The business had revenue of $1.19 billion for the quarter. Everpure’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, analysts forecast that Everpure will post 0.96 earnings per share for the current fiscal year.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the sale, the insider owned 6,474,080 shares of the company’s stock, valued at approximately $627,856,278.40. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the sale, the insider directly owned 340,939 shares in the company, valued at $26,634,154.68. The trade was a 2.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 908,050 shares of company stock worth $89,995,156. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Everpure

Institutional investors have recently modified their holdings of the company. Paradigm Capital Management Inc. NY acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $2,127,000. Nykredit A S acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $9,412,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $814,000. Raiffeisen Bank International AG acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $25,525,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $2,192,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure raised its preliminary fiscal 2028 revenue outlook to $7.0 billion-$7.3 billion, well above the roughly $6.2 billion consensus estimate. Management said growth should accelerate as artificial-intelligence demand expands its data-storage and management business. Everpure Stock Rises as AI Demand Underpins Surprising Revenue Growth Acceleration
• Positive Sentiment: The company outlined four strategic growth areas at its analyst meeting, while reaffirming its fiscal 2027 outlook. The expansion of its business model provides a more favorable long-term revenue narrative. Everpure’s Expanding Business Model Fuels New Long-Term Outlook
• Positive Sentiment: Analysts increased or reaffirmed bullish views following the update. Wells Fargo raised its target to $145 and assigned an overweight rating, while Needham and Guggenheim reiterated buy ratings with $150 targets. Wedbush maintained an outperform rating and a $130 target. These targets imply substantial upside from recent trading levels.
• Positive Sentiment: Everpure was again named a Leader in Gartner’s Magic Quadrant for Infrastructure Platform Consumption Services, supporting its competitive positioning in an expanding market. Everpure Recognized as a Leader in the 2026 Gartner Magic Quadrant
• Neutral Sentiment: Everpure appointed Alison McQuarrie as its A/NZ partners lead. The move may support regional channel growth but is unlikely to materially affect near-term earnings.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares worth approximately $11.0 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing its bearish significance, but the sale nevertheless appears to be weighing on sentiment.

Everpure Company Profile

Everpure is a water-treatment and filtration brand owned by Pentair plc, rather than a separately listed company trading under the NYSE symbol P. The brand provides filtration and water-conditioning solutions for residential, commercial, foodservice, and beverage applications.

Its product portfolio includes water filters, cartridges, heads, manifolds, reverse-osmosis systems, scale-reduction products, and related treatment equipment. Everpure systems are used to improve water quality and help protect equipment in applications such as drinking-water dispensers, coffee and tea equipment, ice machines, restaurants, and other foodservice operations.

Everpure was established in 1933 and serves customers through Pentair’s global water-solutions business.