Evercore Partners Rating Lowered to Neutral at Goldman Sachs Group Inc. (EVR)
Evercore Partners (NYSE:EVR) was downgraded by investment analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $52.00 target price on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 7.24% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on EVR. Analysts at Zacks upgraded shares of Evercore Partners from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 15th. They now have a $48.30 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Evercore Partners from $38.00 to $48.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $49.43.
Evercore Partners (NYSE:EVR) traded down 2.80% on Monday, hitting $47.13. 283,386 shares of the company’s stock traded hands. Evercore Partners has a 52-week low of $25.26 and a 52-week high of $52.80. The stock’s 50-day moving average is $48. and its 200-day moving average is $42.57. The company has a market cap of $1.478 billion and a price-to-earnings ratio of 36.68.
Evercore Partners (NYSE:EVR) last released its earnings data on Wednesday, July 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.12. The company had revenue of $206.80 million for the quarter, compared to the consensus estimate of $181.20 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Analysts expect that Evercore Partners will post $2.14 EPS for the current fiscal year.
Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.
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