Wells Fargo (NYSE:WFC) analyst Elyse Greenspan maintained a Buy rating on Everest Re (NYSE:RE) on Monday, setting a price target of $285, which is approximately 7.95% above the present share price of $264.
Greenspan expects Everest Re to post earnings per share (EPS) of $1.61 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Everest Re, with an average price target of $289.8.
The analysts price targets range from a high of $312 to a low of $260.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.76 billion and a net profit of $0. The company's market cap is $10.6 billion.
According to TipRanks.com, Wells Fargo analyst Elyse Greenspan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.6% and a 67.48% success rate.
Everest Re Group Ltd is an insurance and reinsurance company with a distribution network. The company's segments include: the U.S. Reinsurance segment that writes property and casualty reinsurance for large U.S. insurance companies and special lines of business comprising of Marine, Aviation, Surety, and Accident and Health business; the International segment, which focuses on several international reinsurance markets including Canada, Asia, Latin America, Brazil, Africa and the Middle East; the Bermuda segment that writes property and casualty reinsurance through Bermuda Re, the U.K. branch and Ireland Re; and the Insurance segment that writes insurance including property casualty insurance. The U.S. Reinsurance segment generates the majority of the revenue for the company.