Everest Group Ltd [EG] stock prices are up 0.95% to $369.90 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EG shares have gain 1.14% over the last week, with a monthly amount drifted -5.61%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Everest Group Ltd [NYSE: EG] stock has seen the most recent analyst activity on February 12, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $375 from $452. Previously, Wells Fargo downgraded its rating to Equal Weight on February 09, 2024, and dropped its price target to $402. On January 10, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $421 on the stock. Evercore ISI started tracking the stock assigning a In-line rating and suggested a price target of $431 on December 14, 2023. Goldman initiated its recommendation with a Buy and recommended $449 as its price target on September 08, 2023. Raymond James upgraded its rating to Strong Buy for this stock on July 07, 2023, and upped its price target to $450. In a note dated June 21, 2023, Citigroup initiated an Buy rating and provided a target price of $406 on this stock.
The stock price of Everest Group Ltd [EG] has been fluctuating between $331.08 and $417.92 over the past year. Currently, Wall Street analysts expect the stock to reach $359.75 within the next 12 months. Everest Group Ltd [NYSE: EG] shares were valued at $369.90 at the most recent close of the market. An investor can expect a potential drop of -2.74% based on the average EG price forecast.
Analyzing the EG fundamentals
The Everest Group Ltd [NYSE:EG] reported sales of 15.43B for trailing twelve months, representing a surge of 25.78%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.56%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.24 and Total Capital is 0.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 365.96 points at the first support level, and at 362.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 374.51, and for the 2nd resistance point, it is at 379.12.
Ratios To Look Out For
It’s worth pointing out that Everest Group Ltd [NYSE:EG]’s Current Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.04, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 5.50.
Transactions by insiders
Recent insider trading involved GRAF JOHN A, Director, that happened on Feb 12 ’24 when 695.0 shares were purchased. Director, Singer Roger M. completed a deal on Feb 12 ’24 to buy 500.0 shares. Meanwhile, EVP & CFO KOCIANCIC MARK bought 1000.0 shares on Feb 09 ’24.
