Morgan Stanley Maintains Their Hold Rating on Everest Re (RE)

By Jason Carr

Morgan Stanley analyst Kai Pan maintained a Hold rating on Everest Re (REResearch Report) today and set a price target of $232. The company’s shares opened today at $212.21.

According to TipRanks.com, Pan is a 3-star analyst with an average return of 1.0% and a 51.4% success rate. Pan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

The word on The Street in general, suggests a Hold analyst consensus rating for Everest Re with a $242.80 average price target.

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Everest Re’s market cap is currently $8.68B and has a P/E ratio of 8.32. The company has a Price to Book ratio of 1.04.

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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.