Evercore Partners Lowered to “Neutral” at Zacks (EVR)
Evercore Partners (NYSE:EVR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday, Analyst Ratings Net reports. They currently have a $65.70 target price on the stock. Zacks‘ price target indicates a potential upside of 23.54% from the company’s current price.
Evercore Partners (NYSE:EVR) traded up 1.24% during mid-day trading on Tuesday, hitting $53.18. 547,619 shares of the company’s stock traded hands. Evercore Partners has a one year low of $34.75 and a one year high of $63.66. The stock’s 50-day moving average is $59.22 and its 200-day moving average is $51.9. The company’s market cap is $1.745 billion.
Evercore Partners (NYSE:EVR) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $218.70 million for the quarter, compared to the consensus estimate of $208.45 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Evercore Partners will post $2.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, February 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura initiated coverage on shares of Evercore Partners in a research note to investors on Thursday, January 9th. They set a “buy” rating and a $72.00 price target on the stock. Separately, analysts at UBS AG reiterated a “neutral” rating on shares of Evercore Partners in a research note to investors on Monday, January 6th. They now have a $59.00 price target on the stock, up previously from $54.00. Finally, analysts at Evercore Partners downgraded shares of Evercore Partners to a “neutral” rating in a research note to investors on Monday, December 30th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.18.
Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.
To view Zacks’ full report, visit www.zacks.com
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