Everpure (NYSE:P) Price Target Raised to $87.00

Everpure (NYSE:P) had its price objective increased by research analysts at Morgan Stanley from $84.00 to $87.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 1.33% from the stock’s previous close.

A number of other analysts also recently commented on the company. Wells Fargo & Company restated an “overweight” rating on shares of Everpure in a report on Thursday. Barclays set a $84.00 price objective on Everpure in a report on Thursday. Citigroup downgraded Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a report on Thursday, May 14th. William Blair restated an “outperform” rating on shares of Everpure in a report on Thursday. Finally, Piper Sandler restated a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Everpure currently has a consensus rating of “Moderate Buy” and an average price target of $93.58.

Everpure Price Performance

Shares of P opened at $85.86 on Thursday. The firm has a market capitalization of $28.37 billion, a price-to-earnings ratio of 156.11, a price-to-earnings-growth ratio of 6.50 and a beta of 1.44. Everpure has a fifty-two week low of $50.20 and a fifty-two week high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a return on equity of 14.36% and a net margin of 5.14%.Everpure’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. On average, analysts forecast that Everpure will post 0.72 EPS for the current year.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 200,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the sale, the insider directly owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 534,265 shares of company stock valued at $41,321,234. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Everpure

Several large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in Everpure by 40.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 134 shares during the last quarter. One Capital Management LLC boosted its position in Everpure by 1.0% in the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock valued at $1,236,000 after buying an additional 141 shares during the last quarter. Rothschild Investment LLC boosted its position in Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after buying an additional 152 shares during the last quarter. State of Wyoming boosted its position in Everpure by 10.3% in the 3rd quarter. State of Wyoming now owns 1,673 shares of the company’s stock valued at $140,000 after buying an additional 156 shares during the last quarter. Finally, GraniteShares Advisors LLC boosted its position in Everpure by 2.3% in the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock valued at $464,000 after buying an additional 157 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported first-quarter earnings of $0.47 per share, beating estimates, while revenue rose 35.2% year over year to $1.05 billion and also topped expectations. Quarterly earnings report and conference call
• Positive Sentiment: The company raised full-year fiscal 2027 revenue and operating profit guidance, signaling management sees continued demand and pricing strength ahead. First quarter fiscal 2027 financial results
• Neutral Sentiment: Analysts and press reports highlighted record revenue growth and strategic expansion efforts, with supply-chain issues still a backdrop but not derailing results. Earnings call highlights
• Negative Sentiment: Despite the beat, the stock slid after the release because free cash flow dropped and next-quarter revenue guidance came in well below Wall Street’s expectations. Stock slides on free cash flow drop

About Everpure

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.