Deutsche Bank Ups Everest Price Target
Analysts at Deutsche Bank raised their price target on shares of Bermuda domiciled reinsurer Everest Re Group from $128.00 to $147.00 in a research report issued to clients and investors on Tuesday [Apr. 30]. The firm currently has a “buy” rating on the stock.
RE has been the subject of a number of other recent research reports. Analysts at Barclays Capital raised their price target on shares of Everest Re Group from $122.00 to $129.00 in a research note to investors on Thursday, April 25. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Everest Re Group in a research note to investors on Wednesday, April 24. They now have a $154.00 price target on the stock. Finally, 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, April 24. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Everest Re Group has an average rating of “Buy” and an average target price of $140.00.
Everest Re Group last issued its quarterly earnings data on Tuesday, April 23. The company reported $5.88 earnings per share for the quarter, beating the analysts’ 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% on a year-over-year basis. On average, analysts predict that Everest Re Group will post $16.88 earnings per share 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.
