Everpure, Inc. (NYSE:P) Receives $96.32 Average Target Price from Analysts

Shares of Everpure, Inc. (NYSE:P) have earned an average rating of “Moderate Buy” from the twenty analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $96.3158.

Several analysts recently weighed in on P shares. Lake Street Capital raised their price objective on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. UBS Group raised their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Wedbush raised their price objective on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings started coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock.

Everpure Trading Up 2.4%

NYSE:P opened at $73.89 on Thursday. The stock has a market capitalization of $24.42 billion, a P/E ratio of 111.96, a price-to-earnings-growth ratio of 5.12 and a beta of 1.44. Everpure has a twelve month low of $50.20 and a twelve month high of $100.59.

Everpure (NYSE:P) last released its quarterly earnings data 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 business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. Equities analysts predict that Everpure will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 544,545 shares of company stock valued at $42,198,324 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everpure

Several large investors have recently bought and sold shares of P. Provenance Wealth Advisors LLC bought a new position in Everpure in the third quarter valued at about $27,000. Salomon & Ludwin LLC raised its position in Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after purchasing an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Everpure in the third quarter valued at about $28,000. Sunbelt Securities Inc. raised its position in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares during the last quarter. Finally, Assetmark Inc. raised its position in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors.

Everpure Company Profile

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.