Everest Re Group Ltd (NYSE: RE) has reported E.P.S. of $16.70 for its second fiscal quarter (ending June 30) versus $16.26 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $67.73 versus $30.18 for the same period a year ago.
Recent Price Action
Everest Re Group Ltd (NYSE: RE) stock closed at $392.87 on 7/31/24 after a modest gain of 0.9%. Moreover, trading volume in this advance was unusually high at 180% of normal. The stock has risen 2.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RE is expected to continue to be an important Value Builder.
Everest RE Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Everest RE Group has a neutral Power Rating of 57 but a good Appreciation Score of 84, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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