Everest Group Ltd. (EG) has been receiving a notable amount of attention recently. An array of important developments has occurred. The company has reported a shareholder return increase with 10M share buyback and a $2.00 dividend allocation. Despite a low price-to-earnings ratio, financial experts suggest it's not an indicator for excitement, and hence, the firm's stock performance has been underperforming compared to its competitors. In an unexpected change of leadership, Jim Williamson was appointed as acting CEO. Despite a recent 6.3% share value decrease, long-term investors have seen substantial growth with shares up 57% over the past three years. A consensus recommendation from analysts places the firm at a 'Moderate Buy' with price targets ranging from $380.00 to as high as $499.00. Wells Fargo, however, has lowered its target to $402 from $406. Nordea Investment Management has decreased its stock holdings in the firm, while JPMorgan Chase & Co. has boosted its stock position. Everests' Q3 2024 results missed the projected revenue targets, however, the earnings per share exceeded expectations.
Everest Group Ltd EG News Analytics from Thu, 18 May 2023 07:00:00 GMT to Sat, 18 Jan 2025 22:25:18 GMT - Rating 3 - Innovation 1 - Information 7 - Rumor 4
