Guggenheim Reaffirms “Buy” Rating for Everpure (NYSE:P)

Everpure (NYSE:P)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a research note issued to investors on Friday, Benzinga reports. They currently have a $215.00 price target on the stock. Guggenheim‘s target price indicates a potential upside of 99.45% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. 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. JPMorgan Chase & Co. increased their price objective on shares of Everpure from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Wall Street Zen cut shares of Everpure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Morgan Stanley lifted their target price on Everpure from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Finally, Oppenheimer restated an “outperform” rating and issued a $140.00 target price (up from $100.00) on shares of Everpure in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and a consensus target price of $149.25.

Everpure Stock Down 2.1%

P stock traded down $2.31 during trading on Friday, hitting $107.80. 2,981,912 shares of the company’s stock traded hands, compared to its average volume of 3,007,480. Everpure has a 52 week low of $56.78 and a 52 week high of $157.57. The stock has a fifty day moving average price of $121.14 and a two-hundred day moving average price of $96.00. The stock has a market capitalization of $35.92 billion, a price-to-earnings ratio of 147.66, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion for the quarter. The business’s quarterly revenue was up 37.7% on a year-over-year basis. As a group, equities research analysts expect that Everpure will post 0.95 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Scott Dietzen sold 60,000 shares of the business’s stock in a transaction 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. The trade was a 46.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew Brown sold 4,268 shares of the business’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $156.03, for a total transaction of $665,936.04. Following the transaction, the director directly owned 23,415 shares of the company’s stock, valued at approximately $3,653,442.45. This trade represents a 15.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 745,371 shares of company stock valued at $92,333,246 in the last three months. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Everpure

Several hedge funds have recently bought and sold shares of P. Family Legacy Financial Solutions LLC boosted its stake in Everpure by 3.6% in the third quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company’s stock worth $276,000 after purchasing an additional 73 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Everpure by 1.1% during the third quarter. IFP Advisors Inc now owns 10,449 shares of the company’s stock worth $1,367,000 after purchasing an additional 115 shares during the last quarter. Fortitude Family Office LLC grew its holdings in shares of Everpure by 49.0% during the third quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock worth $47,000 after purchasing an additional 119 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Everpure by 4.4% in the third quarter. Brookstone Capital Management now owns 2,877 shares of the company’s stock valued at $376,000 after buying an additional 121 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its stake in shares of Everpure by 4.4% in the third quarter. Diversify Advisory Services LLC now owns 3,976 shares of the company’s stock valued at $530,000 after buying an additional 166 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.

More Everpure News

Here’s some of the latest news about P:

• Neutral Sentiment: A report says Everpure shares fell sharply alongside Fabrinet, but the provided information does not explain the move or identify a company-specific catalyst. Read More.
• Negative Sentiment: UBS raised its price target to $88 from $80 but maintained a “sell” rating, signaling continued caution about valuation or prospects. Read More.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares worth about $10.1 million. The sale was made under a pre-arranged Rule 10b5-1 plan, which can temper its significance, though insider selling may weigh on sentiment. Read More.

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.