The stock of Evercore Partners Inc. (NYSE:EVR) hit a new 52-week high and has $92.50 target or 63.00% above today’s $56.75 share price. The 7 months bullish chart indicates low risk for the $2.46 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $92.50 price target is reached, the company will be worth $1.55 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 145,862 shares traded hands. Evercore Partners Inc. (NYSE:EVR) has risen 20.01% since April 7, 2016 and is uptrending. It has outperformed by 15.23% the S&P500.
Evercore Partners Inc. (NYSE:EVR) Ratings Coverage
Out of 7 analysts covering Evercore Partners (NYSE:EVR), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Evercore Partners has been the topic of 14 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by UBS on Thursday, February 4. The stock has “Hold” rating given by Craig Hallum on Wednesday, March 16. The stock of Evercore Partners Inc. (NYSE:EVR) has “Neutral” rating given on Tuesday, November 10 by Susquehanna. The rating was upgraded by Nomura to “Buy” on Friday, October 28. The firm has “Neutral” rating given on Monday, November 9 by Nomura. The rating was upgraded by Goldman Sachs to “Conviction Buy” on Tuesday, January 12. The firm has “Positive” rating given on Monday, October 12 by Susquehanna.
According to Zacks Investment Research, “EVERCORE PARTNERS is a leading investment banking boutique providing advisory services to prominent multinational corporations on significant mergers, acquisitions, divestitures, restructurings and other strategic corporate transactions. Evercore also has a successful investment management business through which they also manage private equity and venture capital funds for sophisticated institutional investors.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.25, from 1.32 in 2016Q1. The ratio dived, as 36 funds sold all Evercore Partners Inc. shares owned while 66 reduced positions. 37 funds bought stakes while 72 increased positions. They now own 34.38 million shares or 1.72% less from 34.98 million shares in 2016Q1.
Moreover, Independent Portfolio Consultants has 0.02% invested in Evercore Partners Inc. (NYSE:EVR) for 1,165 shares. Parametric Portfolio Llc owns 85,202 shares or 0.01% of their US portfolio. Blackrock Investment Mgmt Limited Liability Co last reported 0.01% of its portfolio in the stock. Lpl Fincl Ltd Liability Com, a California-based fund reported 24,658 shares. Natl Bank Of New York Mellon reported 599,886 shares or 0.01% of all its holdings. Bb&T accumulated 54,198 shares or 0.05% of the stock. Susquehanna Intl Grp Llp owns 18,000 shares or 0% of their US portfolio. Alliancebernstein Ltd Partnership owns 58,624 shares or 0% of their US portfolio. Millennium Mgmt Limited Liability holds 0.01% of its portfolio in Evercore Partners Inc. (NYSE:EVR) for 147,739 shares. Smith Asset L P has 2,124 shares for 0% of their US portfolio. Orrstown Financial Ser Incorporated accumulated 0.01% or 200 shares. Essex Mngmt Limited Liability accumulated 22,117 shares or 0.16% of the stock. Hsbc Hldg Pcl, a United Kingdom-based fund reported 43,923 shares. Voya Inv Lc has 803,500 shares for 0.09% of their US portfolio. Royal National Bank Of Canada owns 133,063 shares or 0% of their US portfolio.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 6 sales for $27.23 million net activity. SCHLOSSTEIN RALPH also sold $3.34M worth of Evercore Partners Inc. (NYSE:EVR) on Wednesday, August 10. 125,000 shares were sold by SIBBALD ANDREW, worth $6.40M on Tuesday, August 23.
More recent Evercore Partners Inc. (NYSE:EVR) news were published by: Benzinga.com which released: “10 Stocks That Rallied Three Days On Increasing Volume” on November 08, 2016. Also Twst.com published the news titled: “Evercore Partners Inc.: Evercore to Announce Third Quarter and Nine Months …” on October 13, 2016. Equitiesfocus.com‘s news article titled: “Evercore Partners Inc (NYSE:EVR) Shareholders To Get Dividend Of $0.31” with publication date: October 10, 2016 was also an interesting one.
EVR Company Profile
Evercore Partners Inc. (Evercore), incorporated on July 21, 2005, is an independent investment banking advisory firm. The Firm operates through two business divisions: Investment Banking and Investment Management.
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