Everpure, Inc. (NYSE:P) Stock Has Consensus Target Price of $143.25

Shares of Everpure, Inc. (NYSE:P) have been given an average rating of “Moderate Buy” by the twenty-two research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $148.65.

Several research analysts recently weighed in on P shares. Wedbush reissued an “outperform” rating and issued a $130.00 target price on shares of Everpure in a research note on Thursday, September 24th. Citigroup boosted their price objective on shares of Everpure from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Zacks Research upgraded Everpure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Barclays raised their price objective on Everpure from $110.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Finally, Bank of America lifted their price objective on Everpure from $150.00 to $180.00 in a research report on Thursday, September 24th.

Insider Transactions at Everpure

In related news, Director Scott Dietzen sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $141.60, for a total transaction of $8,496,000.00. Following the completion of the transaction, the director owned 70,000 shares of the company’s stock, valued at approximately $9,912,000. This represents a 46.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Colgrove sold 200,000 shares of the 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 transaction, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,145,371 shares of company stock valued at $134,591,122. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Candriam S.C.A. grew its holdings in Everpure by 18.1% during the 3rd quarter. Candriam S.C.A. now owns 21,265 shares of the company’s stock valued at $2,791,000 after purchasing an additional 3,266 shares in the last quarter. StoneX Group Inc. increased its stake in Everpure by 4.1% during the 3rd quarter. StoneX Group Inc. now owns 4,412 shares of the company’s stock worth $576,000 after buying an additional 174 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Everpure by 24.9% in the 3rd quarter. Pictet Asset Management Holding SA now owns 175,809 shares of the company’s stock worth $22,992,000 after buying an additional 35,079 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Everpure by 14.6% in the 3rd quarter. Parallel Advisors LLC now owns 8,068 shares of the company’s stock worth $1,055,000 after buying an additional 1,030 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in Everpure in the 3rd quarter worth $1,475,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Trading Up 3.4%

P stock opened at $117.67 on Friday. Everpure has a 1 year low of $56.78 and a 1 year high of $157.57. The company has a 50 day moving average of $120.15. The stock has a market cap of $39.21 billion, a price-to-earnings ratio of 140.47, a P/E/G ratio of 3.80 and a beta of 1.43.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The company had revenue of $1.19 billion during the quarter. Everpure’s revenue for the quarter was up 37.7% compared to the same quarter last year. On average, analysts anticipate that Everpure will post 0.95 EPS for the current year.

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.