The stock of Evercore Inc. (NYSE:EVR) last traded at $117.47, up 4.25% from the previous session.
Data from the available sources indicates that Evercore Inc. (NYSE:EVR) is covered by 8 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $151.00 and a low of $102.00, we find $137.00. Given the previous closing price of $112.68, this indicates a potential upside of 21.58 percent. EVR stock price is now -7.18% away from the 50-day moving average and 10.31% away from the 200-day moving average. The market capitalization of the company currently stands at $5.12B.
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In total, 3 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $129.50 as their price target over the next twelve months.
With the price target enhanced from $105 to $125, Goldman Upgraded its rating from Neutral to Buy for Evercore Inc. (NYSE: EVR). On October 27, 2022, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock increasing its target price from $106 to quote $109, while ‘UBS’ rates the stock as ‘Sell’.
In other news, BEATTIE RICHARD I, Director sold 5,000 shares of the company’s stock on Mar 01. The stock was sold for $654,482 at an average price of $130.90. Upon completion of the transaction, the Director now directly owns 22,453 shares in the company, valued at $2.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, General Counsel Klurfeld Jason sold 357 shares of the business’s stock. A total of $48,238 was realized by selling the stock at an average price of $135.12. This leaves the insider owning 32,476 shares of the company worth $3.81 million. Insiders disposed of 67,276 shares of company stock worth roughly $7.9 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EVR stock. A new stake in Evercore Inc. shares was purchased by CHANNING CAPITAL MANAGEMENT, LLC during the first quarter worth $33,203,000. BALYASNY ASSET MANAGEMENT LLC invested $24,458,000 in shares of EVR during the first quarter. In the first quarter, RIVER ROAD ASSET MANAGEMENT, LLC acquired a new stake in Evercore Inc. valued at approximately $17,696,000. LMR PARTNERS LLP acquired a new stake in EVR for approximately $9,572,000. AVIVA PLC purchased a new stake in EVR valued at around $3,432,000 in the second quarter. In total, there are 524 active investors with 86.00% ownership of the company’s stock.
With an opening price of $117.33 on Tuesday morning, Evercore Inc. (NYSE: EVR) set off the trading day. During the past 12 months, Evercore Inc. has had a low of $78.67 and a high of $137.42. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.50, and a quick ratio of 2.50. The fifty day moving average price for EVR is $126.69 and a two-hundred day moving average price translates $106.53 for the stock.
The latest earnings results from Evercore Inc. (NYSE: EVR) was released for Dec, 2022. According to the Capital Markets Company, earnings per share came in at $3.5, beating analysts’ expectations of $2.59 by 0.91. This compares to $6.88 EPS in the same period last year. The net profit margin was 17.10% and return on equity was 33.40% for EVR. The company reported revenue of $835.49 million for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.41 percent. For the current quarter, analysts expect EVR to generate $575.35M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/10/2023. Investors who held shares on 02/24/2023 were paid a $0.72 dividend. On an annualized basis, this represents a $2.88 dividend and a 2.45% percent yield. There was an ex-dividend date of 02/23/2023 for this dividend. In terms of dividend payout ratio, EVR is presently at 23.30%.
Evercore Inc.(EVR) Company Profile
Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers strategic advisory services, such as mergers and acquisitions, strategic, defense, and shareholder advisory, special committee assignments, and transaction structuring; Capital Markets Advisory, including equity capital markets, restructuring, debt advisory, private placement advisory, market risk management and hedging, private capital advisory, and private funds; and research, sales, and trading professionals services on a content-led platform to its institutional investor clients. The Investment Management segment provides wealth management services to high-net-worth individuals, foundations, and endowments; and manages financial assets for institutional investors. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.
