In a recent analysis, Jefferies has elevated its rating for Everest Group (EG, Financial) from Hold to Buy, while increasing the price target to $415 from the previous $376. Despite potential challenges such as tariffs, which are considered a manageable risk, the firm is confident in Everest's strong capital position and defensive strategy within the property and casualty insurance sector.
The analyst points out that the current stock valuation presents a favorable risk/reward scenario for investors. Jefferies anticipates conservative growth along with minor improvements in underlying margins, which supports the upgraded outlook. Even amid a risk-averse market, Everest Group is seen as an appealing investment, according to the firm's evaluation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Everest Group Ltd (EG, Financial) is $392.29 with a high estimate of $476.00 and a low estimate of $330.00. The average target implies an upside of 14.91% from the current price of $341.40. More detailed estimate data can be found on the Everest Group Ltd (EG) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Everest Group Ltd's (EG, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Everest Group Ltd (EG, Financial) in one year is $414.03, suggesting a upside of 21.27% from the current price of $341.4. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Everest Group Ltd (EG) Summary page.
