The stock of Evercore Partners Inc. (NYSE:EVR) hit a new 52-week high and has $75.49 target or 8.00% above today’s $69.90 share price. The 7 months bullish chart indicates low risk for the $3.04 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $75.49 price target is reached, the company will be worth $243.20M 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 302,628 shares traded hands. Evercore Partners Inc. (NYSE:EVR) has risen 32.81% since April 28, 2016 and is uptrending. It has outperformed by 26.88% the S&P500.
Analysts await Evercore Partners Inc. (NYSE:EVR) to report earnings on February, 1. They expect $1.27 earnings per share, up 4.10% or $0.05 from last year’s $1.22 per share. EVR’s profit will be $55.23M for 13.76 P/E if the $1.27 EPS becomes a reality. After $1.22 actual earnings per share reported by Evercore Partners Inc. for the previous quarter, Wall Street now forecasts 4.10% EPS growth.
Evercore Partners Inc. (NYSE:EVR) Ratings Coverage
Out of 8 analysts covering Evercore Partners (NYSE:EVR), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Evercore Partners has been the topic of 15 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating given on Friday, November 18 by JMP Securities. The rating was upgraded by Goldman Sachs on Tuesday, January 12 to “Conviction Buy”. Susquehanna downgraded Evercore Partners Inc. (NYSE:EVR) on Tuesday, November 10 to “Neutral” rating. The company was upgraded on Friday, October 28 by Nomura. The rating was downgraded by Craig Hallum on Wednesday, March 16 to “Hold”. The firm has “Neutral” rating given on Monday, November 9 by Nomura. The rating was maintained by Susquehanna with “Positive” on Monday, October 12. The firm has “Neutral” rating by UBS given on Thursday, February 4.
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 1.05 in Q2 2016. Its down 0.02, from 1.07 in 2016Q1. The ratio worsened, 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, Deutsche Natl Bank Ag has 0% invested in Evercore Partners Inc. (NYSE:EVR) for 116,363 shares. Pnc Serv Group, a Pennsylvania-based fund reported 175 shares. Copeland Mngmt reported 250,213 shares or 0.76% of all its holdings. Bb&T has 0.05% invested in the company for 54,198 shares. The Pennsylvania-based Ajo Limited Partnership has invested 0.03% in Evercore Partners Inc. (NYSE:EVR). Comml Bank Of Montreal Can last reported 0% of its portfolio in the stock. Fifth Third Retail Bank has 141,028 shares for 0.05% of their US portfolio. Panagora Asset has invested 0.07% of its portfolio in Evercore Partners Inc. (NYSE:EVR). Rainier Inv Mgmt Limited last reported 188,910 shares in the company. Blackrock Gru Limited, a United Kingdom-based fund reported 58,899 shares. The Pennsylvania-based Vanguard has invested 0.01% in Evercore Partners Inc. (NYSE:EVR). Palisade Cap Ltd Liability Corp Nj reported 55,131 shares or 0.09% of all its holdings. Swiss National Bank & Trust, a Switzerland-based fund reported 64,700 shares. Proshare Advsr Limited Liability Com holds 0% of its portfolio in Evercore Partners Inc. (NYSE:EVR) for 5,666 shares. South Dakota Council has invested 0.09% of its portfolio in Evercore Partners Inc. (NYSE:EVR).
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 7 insider sales for $29.24 million net activity. SCHLOSSTEIN RALPH sold 125,212 shares worth $6.40 million. On Tuesday, August 23 SIBBALD ANDREW sold $6.40 million worth of the stock or 125,000 shares.
Another recent and important Evercore Partners Inc. (NYSE:EVR) news was published by Bloomberg.com which published an article titled: “Evercore’s John Weinberg Set for $94 Million in Cash, Stock” on November 18, 2016.
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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