Everforth (NYSE:EFOR) Stock Has Consensus Target Price of $33.83 According to Brokerages

Shares of Everforth (NYSE:EFOR) have earned a consensus recommendation of “Reduce” from the eight research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $33.83.

Several research analysts recently commented on EFOR shares. Wall Street Zen upgraded shares of Everforth from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Truist Financial raised their target price on shares of Everforth from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, October 9th. UBS Group lifted their price target on shares of Everforth from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Thursday, October 29th. Weiss Ratings upgraded Everforth from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company increased their price target on Everforth from $26.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, October 29th.

Institutional Trading of Everforth

A number of institutional investors have recently bought and sold shares of EFOR. Boston Partners acquired a new position in Everforth during the third quarter worth about $42,521,000. First Trust Advisors LP raised its holdings in shares of Everforth by 132.5% during the 3rd quarter. First Trust Advisors LP now owns 375,263 shares of the company’s stock worth $12,346,000 after acquiring an additional 213,851 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Everforth by 215.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 221,517 shares of the company’s stock valued at $7,288,000 after acquiring an additional 151,404 shares during the last quarter. Royce & Associates LP acquired a new stake in Everforth during the third quarter worth about $4,613,000. Finally, Fulcrum Asset Management LLP increased its position in Everforth by 1,272.8% during the third quarter. Fulcrum Asset Management LLP now owns 41,924 shares of the company’s stock worth $1,379,000 after purchasing an additional 38,870 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Everforth Stock Down 1.1%

Shares of NYSE:EFOR opened at $35.45 on Wednesday. The company has a market capitalization of $1.46 billion, a P/E ratio of 21.75 and a beta of 0.42. Everforth has a 52 week low of $16.90 and a 52 week high of $54.94. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.75. The business has a 50 day simple moving average of $35.61.

Everforth (NYSE:EFOR) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.02 by $0.09. Everforth had a return on equity of 8.87% and a net margin of 1.71%. The firm had revenue of $1.03 billion during the quarter. Everforth’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that Everforth will post 3.74 EPS for the current year.

About Everforth

Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers. In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.