Everest Group (NYSE:EG) PT Raised to $461.00 at Wells Fargo & Company

Everest Group (NYSE:EG – Get Free Report) had its price target upped by investment analysts at Wells Fargo & Company from $452.00 to $461.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 13.49% from the company’s previous close.

EG has been the subject of a number of other research reports. Raymond James raised Everest Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $420.00 to $450.00 in a report on Friday, July 7th. Citigroup boosted their price objective on Everest Group from $408.00 to $447.00 and gave the company a “buy” rating in a research report on Monday, October 9th. The Goldman Sachs Group began coverage on Everest Group in a research report on Friday, September 8th. They issued a “buy” rating and a $449.00 price objective on the stock. Morgan Stanley lifted their target price on Everest Group from $429.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Finally, Jefferies Financial Group lifted their target price on Everest Group from $429.00 to $449.00 in a report on Friday, October 6th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $451.00.

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Everest Group Stock Down 0.4 %

EG opened at $406.22 on Tuesday. The stock has a market cap of $17.63 billion, a PE ratio of 13.60, a PEG ratio of 0.22 and a beta of 0.59. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average price of $373.15. Everest Group has a 52 week low of $269.79 and a 52 week high of $410.74.

Everest Group (NYSE:EG – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $15.21 earnings per share for the quarter, beating analysts’ consensus estimates of $11.10 by $4.11. Everest Group had a return on equity of 14.92% and a net margin of 9.14%. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company earned $9.79 EPS. Equities analysts anticipate that Everest Group will post 51.11 EPS for the current year.

About Everest Group

(Get Free Report)

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.

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