Evercore Partners Upgraded to “Buy” by Sandler O’Neill (EVR)
Evercore Partners (NYSE:EVR) was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on EVR. Analysts at JMP Securities upgraded shares of Evercore Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 21st. They now have a $64.00 price target on the stock. Analysts at Goldman Sachs raised their price target on shares of Evercore Partners from $54.00 to $58.00 in a research note on Monday, May 12th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $63.93.
Shares of Evercore Partners (NYSE:EVR) opened at 56.16 on Wednesday. Evercore Partners has a 52-week low of $36.81 and a 52-week high of $63.66. The stock’s 50-day moving average is $55.94 and its 200-day moving average is $56.23. The company has a market cap of $1.957 billion and a P/E ratio of 38.57.
Evercore Partners (NYSE:EVR) last announced its earnings results on Wednesday, April 23rd. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.37 earnings per share. Evercore Partners’s revenue was down 2.7% compared to the same quarter last year. Analysts expect that Evercore Partners will post $2.55 EPS for the current fiscal year.
Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.
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