Evercore Partners Receives Consensus Rating of “Buy” from Analysts (NYSE:EVR)
Evercore Partners (NYSE:EVR) has received a consensus rating of “Buy” from the six brokerages that are covering the company, Stock Ratings Network.com reports. Two investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $63.93.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill upgraded shares of Evercore Partners from a “hold” rating to a “buy” rating in a research note on Wednesday. Separately, 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. Finally, 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.
Evercore Partners (NYSE:EVR) traded up 0.80% during mid-day trading on Friday, hitting $57.78. The stock had a trading volume of 39,225 shares. Evercore Partners has a one year low of $37.36 and a one year high of $63.66. The stock’s 50-day moving average is $56.08 and its 200-day moving average is $56.25. The company has a market cap of $2.013 billion and a price-to-earnings ratio of 39.37.
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. The company’s quarterly revenue was down 2.7% on a year-over-year basis. 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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