Everforth (NYSE:EFOR) Price Target Raised to $45.00

Everforth (NYSE:EFOR) had its price target hoisted by equities research analysts at Truist Financial from $36.00 to $45.00 in a research report issued on Friday, October 9th, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial‘s target price suggests a potential upside of 23.19% from the company’s previous close.

EFOR has been the topic of a number of other reports. Wells Fargo & Company cut their target price on Everforth from $33.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Zacks Research cut Everforth from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Weiss Ratings raised Everforth from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $33.83.

Everforth Price Performance

NYSE EFOR traded up $2.28 during trading hours on Friday, reaching $36.53. 195,628 shares of the company’s stock traded hands, compared to its average volume of 959,094. Everforth has a 52-week low of $16.90 and a 52-week high of $54.94. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 22.41 and a beta of 0.42. The business’s 50-day simple moving average is $34.92. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.75.

Everforth (NYSE:EFOR) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.09. Everforth had a net margin of 1.71% and a return on equity of 8.87%. The company had revenue of $1.03 billion during the quarter. Everforth’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts forecast that Everforth will post 3.74 EPS for the current fiscal year.

Institutional Trading of Everforth

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of Everforth by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after purchasing an additional 27,903 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in shares of Everforth during the third quarter valued at approximately $408,000. Pictet Asset Management Holding SA purchased a new position in shares of Everforth during the third quarter valued at approximately $241,000. Finally, Ethic Inc. raised its holdings in shares of Everforth by 10.8% during the third quarter. Ethic Inc. now owns 11,207 shares of the company’s stock valued at $369,000 after purchasing an additional 1,092 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

About Everforth

Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers.

In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.