Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Everest Re (RE) yesterday and set a price target of $235. The company’s shares closed yesterday at $220.38.
According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.1% and a 53.4% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and AXA Equitable Holdings Inc.
Everest Re has an analyst consensus of Moderate Buy, with a price target consensus of $239.17, which is an 8.5% upside from current levels. In a report issued on January 28, Citigroup also maintained a Hold rating on the stock with a $223 price target.
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Based on Everest Re’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $204 million. In comparison, last year the company had a net profit of $566 million.
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Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through four segments: U.S. Reinsurance, International, Bermuda and Insurance.
