Everest Group (NYSE:EG) Upgraded to Moderate Buy at Royal Bank Of Canada

by · The Markets Daily

Everest Group (NYSE:EG – Get Free Report) was upgraded by Royal Bank Of Canada to a “moderate buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other equities analysts have also weighed in on the company. Morgan Stanley lifted their price target on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Barclays boosted their price objective on Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Cantor Fitzgerald increased their target price on Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. UBS Group lifted their price target on shares of Everest Group from $374.00 to $395.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Rosenblatt Securities set a $455.00 price target on shares of Everest Group in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $409.50.

Get Our Latest Research Report on Everest Group

Everest Group Price Performance

NYSE:EG opened at $372.46 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The company has a 50 day moving average price of $375.25 and a 200-day moving average price of $353.50. Everest Group has a 1-year low of $302.44 and a 1-year high of $401.07. The firm has a market cap of $14.28 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.72 and a beta of 0.28.

Everest Group (NYSE:EG – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. The firm had revenue of $3.96 billion for the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. Equities research analysts forecast that Everest Group will post 53.66 EPS for the current year.

Hedge Funds Weigh In On Everest Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. grew its stake in shares of Everest Group by 2.6% in the 2nd quarter. Baird Financial Group Inc. now owns 1,317 shares of the company’s stock valued at $470,000 after purchasing an additional 33 shares during the last quarter. MBA Advisors LLC raised its stake in shares of Everest Group by 5.4% during the second quarter. MBA Advisors LLC now owns 666 shares of the company’s stock worth $238,000 after purchasing an additional 34 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Everest Group by 4.0% during the first quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after purchasing an additional 37 shares during the last quarter. Tred Avon Family Wealth LLC lifted its holdings in shares of Everest Group by 6.5% during the first quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company’s stock worth $215,000 after purchasing an additional 40 shares during the period. Finally, Center For Asset Management LLC lifted its holdings in shares of Everest Group by 4.7% during the first quarter. Center For Asset Management LLC now owns 932 shares of the company’s stock worth $305,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

About Everest Group

(Get Free Report)

Everest Group, Ltd. (NYSE: EG) is a global insurance and reinsurance company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides property and casualty insurance and reinsurance products to businesses, insurers and other institutional clients.

Everest’s reinsurance operations cover a range of property, casualty and specialty risks, while its insurance business offers commercial coverage in areas such as property, casualty, specialty, marine, accident and health.

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