TD Cowen Issues Positive Forecast for Everpure (NYSE:P) Stock Price

Everpure (NYSE:P) had its price objective raised by analysts at TD Cowen from $100.00 to $170.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 45.85% from the stock’s previous close.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Zacks Research cut shares of Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Piper Sandler restated an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. UBS Group raised their target price on shares of Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research report on Thursday, May 28th. Finally, Citigroup raised shares of Everpure from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $118.00 in a research note on Tuesday, August 11th. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Everpure has an average rating of “Moderate Buy” and an average price target of $104.95.

Everpure Stock Down 0.4%

Shares of P stock traded down $0.43 on Tuesday, reaching $116.56. 604,246 shares of the company’s stock were exchanged, compared to its average volume of 3,280,794. The business has a fifty day moving average of $79.50. Everpure has a 52 week low of $54.37 and a 52 week high of $119.10. The company has a market cap of $38.74 billion, a PE ratio of 177.00, a PEG ratio of 6.63 and a beta of 1.45.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. During the same quarter in the prior year, the company posted $0.29 EPS. Everpure’s quarterly revenue was up 35.2% on a year-over-year basis. Equities analysts predict that Everpure will post 0.93 EPS for the current year.

Insider Buying and Selling at Everpure

In other news, insider Ajay Singh sold 9,787 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the sale, the insider owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. This represents a 2.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Colgrove sold 64,815 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the transaction, the insider owned 6,074,080 shares in the company, valued at approximately $713,339,955.20. This represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 827,800 shares of company stock valued at $78,153,882 in the last ninety days. 5.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Everpure

A number of large investors have recently bought and sold shares of P. Integrated Wealth Concepts LLC bought a new stake in Everpure during the 1st quarter valued at $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Everpure by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after purchasing an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after purchasing an additional 595,307 shares during the last quarter. Empowered Funds LLC boosted its position in Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after purchasing an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Everpure by 261.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after purchasing an additional 2,316 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

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.