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

Shares of Everest Group, Ltd. (NYSE:EG) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $395.2667.

A number of research firms have recently weighed in on EG. Mizuho dropped their target price on Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Weiss Ratings upgraded Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Morgan Stanley lifted their price objective on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Citigroup boosted their price objective on Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Atlantic Securities set a $484.00 target price on shares of Everest Group in a research report on Wednesday, July 15th.

Everest Group Trading Down 1.5%

Shares of NYSE EG opened at $380.55 on Friday. Everest Group has a 1-year low of $302.44 and a 1-year high of $401.07. The company has a 50-day moving average of $373.81 and a two-hundred day moving average of $350.15. The company has a market cap of $14.59 billion, a PE ratio of 8.05, a P/E/G ratio of 0.76 and a beta of 0.28. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $14.85 earnings per share for the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The firm had revenue of $3.96 billion during the quarter. As a group, equities analysts expect that Everest Group will post 53.28 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s payout ratio is 16.92%.

Hedge Funds Weigh In On Everest Group

A number of hedge funds and other institutional investors have recently bought and sold shares of EG. MBA Advisors LLC raised its position in shares of Everest Group by 5.4% during the 2nd quarter. MBA Advisors LLC now owns 666 shares of the company’s stock valued at $238,000 after acquiring an additional 34 shares during the last quarter. Siemens Fonds Invest GmbH boosted its position in shares of Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after purchasing an additional 34 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Everest Group by 4.0% in the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after purchasing an additional 37 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Everest Group by 27.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after purchasing an additional 37 shares during the period. Finally, Tred Avon Family Wealth LLC grew its stake in shares of Everest Group by 6.5% during the first quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company’s stock worth $215,000 after purchasing an additional 40 shares during the period. 92.64% of the stock is owned by institutional investors.

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.