Evercore Partners Upgraded to “Neutral” by Zacks (EVR)
Evercore Partners (NYSE:EVR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday. The firm currently has a $52.00 target price on the stock. Zacks‘s price target would suggest a potential upside of 1.98% from the stock’s previous close.
EVR has been the subject of a number of other recent research reports. 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 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $61.60.
Shares of Evercore Partners (NYSE:EVR) traded down 1.00% on Friday, hitting $50.48. 231,890 shares of the company’s stock traded hands. 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 $54.28 and its 200-day moving average is $55.07. The company has a market cap of $1.832 billion and a P/E ratio of 31.51.
Evercore Partners (NYSE:EVR) last announced its earnings results on Wednesday, July 23rd. The company reported $0.66 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.65 earnings per share. Evercore Partners’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Evercore Partners will post $2.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors 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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