Everest Group (NYSE:EG) Given New $388.00 Price Target at Mizuho

Everest Group (NYSE:EG) had its target price upped by Mizuho from $365.00 to $388.00 in a research note issued to investors on Thursday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

EG has been the subject of a number of other reports. Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Bank of America increased their price target on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Evercore set a $365.00 price objective on shares of Everest Group in a research note on Wednesday, January 7th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $371.50.

Everest Group Price Performance

EG traded up $0.08 during trading on Thursday, reaching $351.81. The stock had a trading volume of 59,912 shares, compared to its average volume of 354,654. The stock has a 50 day moving average of $333.95 and a two-hundred day moving average of $329.54. The company has a quick ratio of 0.39, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35. Everest Group has a 1-year low of $302.44 and a 1-year high of $368.29.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The firm had revenue of $4.07 billion during the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. As a group, equities analysts anticipate that Everest Group will post 52.81 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.3%. Everest Group’s payout ratio is currently 16.27%.

Hedge Funds Weigh In On Everest Group

Hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Everest Group in the fourth quarter worth approximately $630,277,000. AQR Capital Management LLC increased its position in shares of Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after acquiring an additional 830,418 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Everest Group by 12,322.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after acquiring an additional 515,063 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Everest Group by 507.4% in the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after acquiring an additional 375,846 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Everest Group by 181.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock worth $169,233,000 after acquiring an additional 321,376 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

About Everest Group

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.