Evercore Partners Stock Rating Upgraded by Sidoti (EVR)
Evercore Partners (NYSE:EVR) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Evercore Partners (NYSE:EVR) opened at 51.86 on Monday. Evercore Partners has a 1-year low of $43.08 and a 1-year high of $63.66. The stock’s 50-day moving average is $56.02 and its 200-day moving average is $55.77. The company has a market cap of $1.807 billion and a price-to-earnings ratio of 30.98.
Evercore Partners (NYSE:EVR) last released its earnings data on Wednesday, July 23rd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.06. The company had revenue of $217.70 million for the quarter, compared to the consensus estimate of $200.96 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that Evercore Partners will post $2.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, August 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Evercore Partners from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 17th. They now have a $53.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Evercore Partners from $62.00 to $66.00 in a research note on Monday, July 7th. They now have a “positive” rating on the stock. Finally, analysts at Sandler O’Neill upgraded shares of Evercore Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $61.80.
Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.
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