Everpure, Inc. (NYSE:P) Stock Has Average Target Price of $143.25 According to Analysts

Shares of Everpure, Inc. (NYSE:P) have received an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $148.65.

A number of research analysts have recently commented on P shares. Wells Fargo & Company increased their price objective on Everpure from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, September 24th. Susquehanna increased their target price on shares of Everpure from $145.00 to $175.00 and gave the stock a “positive” rating in a research note on Friday, September 25th. Oppenheimer reissued an “outperform” rating and set a $140.00 price target (up from $100.00) on shares of Everpure in a report on Thursday, August 20th. Lake Street Capital increased their price target on shares of Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Finally, Bank of America raised their price objective on Everpure from $150.00 to $180.00 in a research note on Thursday, September 24th.

Insider Buying and Selling at Everpure

In other news, Director Scott Dietzen sold 60,000 shares of the business’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $141.60, for a total value of $8,496,000.00. Following the completion of the transaction, the director directly owned 70,000 shares of the company’s stock, valued at $9,912,000. The trade was a 46.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the completion of the transaction, the insider directly owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,110,186 shares of company stock valued at $131,424,120 in the last three months. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everpure

Large investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of Everpure by 1.7% during the third quarter. Allworth Financial LP now owns 88,444 shares of the company’s stock valued at $11,567,000 after acquiring an additional 1,503 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Everpure by 32.0% during the third quarter. Russell Investments Group Ltd. now owns 560,713 shares of the company’s stock valued at $73,203,000 after purchasing an additional 135,912 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Everpure by 11.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 19,461 shares of the company’s stock valued at $2,545,000 after buying an additional 1,929 shares during the period. Ritholtz Wealth Management bought a new stake in shares of Everpure during the 3rd quarter valued at about $245,000. Finally, Illinois Municipal Retirement Fund grew its position in shares of Everpure by 0.4% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 205,754 shares of the company’s stock valued at $26,909,000 after buying an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Stock Up 3.7%

P stock opened at $96.93 on Friday. The firm has a 50-day moving average of $119.98. The firm has a market cap of $32.30 billion, a price-to-earnings ratio of 132.78, a P/E/G ratio of 3.23 and a beta of 1.43. Everpure has a 1 year low of $56.78 and a 1 year high of $157.57.

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

About Everpure

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads.

The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.

Founded as Pure Storage in 2009, the company serves customers internationally.