Evercore Partners Given Average Rating of “Buy” by Analysts (NYSE:EVR)
Shares of Evercore Partners (NYSE:EVR) have earned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, Stock Ratings Network reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $61.80.
A number of research firms have recently commented on EVR. Analysts at Sidoti upgraded shares of Evercore Partners from a “neutral” rating to a “buy” rating in a research note on Monday, August 4th. Separately, 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. Finally, 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.
Shares of Evercore Partners (NYSE:EVR) opened at 50.99 on Monday. Evercore Partners has a 52 week low of $43.08 and a 52 week high of $63.66. The stock has a 50-day moving average of $54.28 and a 200-day moving average of $55.07. The company has a market cap of $1.850 billion and a P/E ratio of 31.38.
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. Stockholders 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 1.96%. The ex-dividend date is Wednesday, August 27th.
Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.
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