Barclays has revised its price target for Everest Group (EG, Financial), bringing it down to $394 from a previous $470. Despite this reduction, the firm maintains an Overweight rating on the insurance group's shares in anticipation of their first-quarter earnings report.
The adjustment reflects challenges in the life earnings segment, but Barclays remains optimistic about Everest Group's prospects, highlighting strengths in group benefits, excess capital, and efficient cash flow management. The analyst notes that, while the firm is navigating through a period of uncertainty, these elements provide a favorable outlook for Everest Group.
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.
