Barclays Issues New Everest Price Target
Equities researchers at Barclays Capital increased their price target on shares of Bermuda’s Everest Re Group from $122.00 to $129.00 in a report issued on Thursday [Apr. 25].
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Everest Re Group in a research note to investors on Wednesday. They now have a $154.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Everest Re Group from $140.00 to $145.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Macquarie downgraded shares of Everest Re Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, April.
One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $138.25.
Everest Re Group last issued its quarterly earnings data on Tuesday, April 23. The company reported $5.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.37 by $1.51. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 million. During the same quarter in the prior year, the company posted $4.48 earnings per share. The company’s quarterly revenue was up 9.0 percent on a year-over-year basis. Analysts expect that Everest Re Group will post $14.66 EPS for the current fiscal year.
Everest Re Group, Ltd., through its subsidiaries, is principally engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets.
