Bank of America Securities Keeps Their Buy Rating on Everest Group (EG)
Bank of America Securities analyst Joshua Shanker maintained a Buy rating on Everest Group today and set a price target of $454.00.
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Shanker covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Chubb. According to TipRanks, Shanker has an average return of 6.6% and a 57.61% success rate on recommended stocks.
In addition to Bank of America Securities, Everest Group also received a Buy from Barclays’s Alex Scott in a report issued on April 8. However, yesterday, Mizuho Securities maintained a Hold rating on Everest Group (NYSE: EG).
Based on Everest Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.42 billion and a net profit of $446 million. In comparison, last year the company earned a revenue of $4.61 billion and had a GAAP net loss of $593 million
Read More on EG:
Disclaimer & DisclosureReport an Issue
- Everest Group Issues Regulation FD Liability Clarification Disclosure
- Everest Group price target raised to $365 from $360 at Mizuho
- Everest Group price target raised to $380 from $377 at Barclays
- Everest Group price target lowered to $402 from $430 at Keefe Bruyette
- Everest Group: Portfolio Reshaping Creates a More Focused Reinsurer but Justifies a Neutral Hold Stance
