Share on StockTwits

Research analysts at Goldman Sachs upped their target price on shares of Evercore Partners (NYSE:EVR) from $54.00 to $58.00 in a report released on Monday, Stock Ratings Network.com reports. Goldman Sachs’ target price would indicate a potential upside of 5.44% from the stock’s previous close.

Shares of Evercore Partners (NYSE:EVR) traded up 3.76% during mid-day trading on Monday, hitting $57.08. The stock had a trading volume of 267,498 shares. Evercore Partners has a 1-year low of $35.90 and a 1-year high of $63.66. The stock has a 50-day moving average of $53.68 and a 200-day moving average of $55.46. The company has a market cap of $1.981 billion and a P/E ratio of 37.78.

Evercore Partners (NYSE:EVR) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.20. The company had revenue of $149.10 million for the quarter, compared to the consensus estimate of $184.20 million. During the same quarter last year, the company posted $0.37 earnings per share. Evercore Partners’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Evercore Partners will post $2.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, May 28th.

Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG upgraded shares of Evercore Partners from a “neutral” rating to a “buy” rating in a research note on Friday, May 2nd. They now have a $63.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Nomura cut their price target on shares of Evercore Partners from $70.00 to $68.00 in a research note on Wednesday, March 26th. Finally, analysts at Sandler O’Neill downgraded shares of Evercore Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $63.68.

Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.