At the time of writing, Everest Group Ltd [EG] stock is trading at $362.38, up 0.84%. An important factor to consider is whether the stock is rising or falling in short-term value. The EG shares have gain 2.06% over the last week, with a monthly amount drifted -6.84%, 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 November 26, 2024, when Jefferies downgraded its rating to a Hold and also boosted its price target to $429 from $420. Previously, Barclays started tracking the stock with Overweight rating on September 05, 2024, and set its price target to $527. On February 12, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $375 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $402 on February 09, 2024. TD Cowen initiated its recommendation with a Market Perform and recommended $421 as its price target on January 10, 2024. Evercore ISI started tracking with a In-line rating for this stock on December 14, 2023, and assigned it a price target of $431. In a note dated September 08, 2023, Goldman initiated an Buy rating and provided a target price of $449 on this stock.
For the past year, the stock price of Everest Group Ltd fluctuated between $343.76 and $407.30. Currently, Wall Street analysts expect the stock to reach $461.33 within the next 12 months. Everest Group Ltd [NYSE: EG] shares were valued at $362.38 at the most recent close of the market. An investor can expect a potential return of 27.31% based on the average EG price forecast.
Analyzing the EG fundamentals
According to Everest Group Ltd [NYSE:EG], the company’s sales were 16.30B for trailing twelve months, which represents an 7.37% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.2 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
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 359.36 points at the first support level, and at 356.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 363.89, and for the 2nd resistance point, it is at 365.40.
Ratios To Look Out For
It is important to note that Everest Group Ltd [NYSE:EG] has a current ratio of 0.50. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.02 and price to earnings (TTM) ratio is 5.67.
Transactions by insiders
Recent insider trading involved WILLIAMSON JAMES ALLAN, EVP, Chief Operating Officer, that happened on Nov 14 ’24 when 200.0 shares were sold. Officer, WILLIAMSON JAMES ALLAN completed a deal on Nov 14 ’24 to buy 200.0 shares. Meanwhile, Director GALTNEY WILLIAM F JR bought 2870.0 shares on Nov 04 ’24.
