Evercore Partners Stock Rating Upgraded by Zacks (EVR)
Evercore Partners (NYSE:EVR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, American Banking News.com reports. The firm currently has a $61.70 price target on the stock. Zacks‘ price objective indicates a potential upside of 6.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Evercore Partners downgraded shares of Evercore Partners to a “neutral” rating in a research note to investors on Monday. Separately, analysts at UBS AG raised their price target on shares of Evercore Partners from $48.00 to $54.00 in a research note to investors on Thursday, October 24th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Evercore Partners from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 7th. They now have a $52.00 price target on the stock. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.90.
Evercore Partners (NYSE:EVR) traded up 0.38% during mid-day trading on Friday, hitting $58.24. The stock had a trading volume of 220,520 shares. Evercore Partners has a 52-week low of $32.18 and a 52-week high of $61.07. The stock’s 50-day moving average is $56.21 and its 200-day moving average is $48.89. The company has a market cap of $1.911 billion and a price-to-earnings ratio of 38.76.
Evercore Partners (NYSE:EVR) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.10. The company had revenue of $188.00 million for the quarter, compared to the consensus estimate of $163.55 million. During the same quarter last year, the company posted $0.40 earnings per share. Evercore Partners’s revenue was up 22.9% compared to the same quarter last year.
Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.
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