Today’s Stock On Watch: Is Buying Evercore Partners Inc. Here a Winning Strategy?

Today's Stock On Watch: Is Buying Evercore Partners Inc. Here a Winning Strategy?

The stock of Evercore Partners Inc. (NYSE:EVR) reached all time high today, Nov, 21 and still has $110.91 target or 68.00% above today’s $66.02 share price. This indicates more upside for the $2.86B company. This technical setup was reported by If the $110.91 PT is reached, the company will be worth $1.94 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 515,131 shares traded hands or 11.90% up from the average. Evercore Partners Inc. (NYSE:EVR) has risen 28.86% since April 19, 2016 and is uptrending. It has outperformed by 25.00% the S&P500.

Evercore Partners Inc. (NYSE:EVR) Ratings Coverage

Out of 8 analysts covering Evercore Partners (NYSE:EVR), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Evercore Partners has been the topic of 15 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The rating was maintained by Susquehanna with “Positive” on Monday, October 12. Goldman Sachs upgraded Evercore Partners Inc. (NYSE:EVR) on Tuesday, January 12 to “Conviction Buy” rating. The rating was downgraded by Craig Hallum to “Hold” on Wednesday, March 16. The firm has “Mkt Perform” rating by JMP Securities given on Friday, November 18. The rating was downgraded by Nomura on Monday, November 9 to “Neutral”. As per Tuesday, November 10, the company rating was downgraded by Susquehanna. UBS maintained the shares of EVR in a report on Thursday, February 4 with “Neutral” rating. The rating was upgraded by Nomura to “Buy” on Friday, October 28.

According to Zacks Investment Research, “EVERCORE PARTNERS is a leading investment banking boutique providing advisory services to prominent multinational corporations on significant mergers, acquisitions, divestitures, restructurings and other strategic corporate transactions. Evercore also has a successful investment management business through which they also manage private equity and venture capital funds for sophisticated institutional investors.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.02, from 1.07 in 2016Q1. The ratio dropped, as 36 funds sold all Evercore Partners Inc. shares owned while 66 reduced positions. 37 funds bought stakes while 72 increased positions. They now own 34.38 million shares or 1.72% less from 34.98 million shares in 2016Q1.
Grp Incorporated, a New York-based fund reported 29,166 shares. Lingohr And Partner Asset Mngmt Gmbh has 0.52% invested in the company for 11,600 shares. The New York-based State Common Retirement Fund has invested 0.01% in Evercore Partners Inc. (NYSE:EVR). Ny State Teachers Retirement accumulated 0.01% or 44,781 shares. Geode Cap Mgmt Llc holds 0.01% or 260,003 shares in its portfolio. Quantbot Lp last reported 7,205 shares in the company. Thrivent Fincl For Lutherans reported 137,329 shares or 0.03% of all its holdings. Bancorp Of America Corporation De has 0% invested in the company for 95,890 shares. Ajo Limited Partnership has invested 0.03% of its portfolio in Evercore Partners Inc. (NYSE:EVR). Public Sector Pension Investment Board has 27,878 shares for 0.01% of their US portfolio. Teachers holds 313,887 shares or 0.02% of its portfolio. Moreover, Blackrock Group Inc Ltd has 0% invested in Evercore Partners Inc. (NYSE:EVR) for 58,899 shares. Peak6 Invests L P, a Illinois-based fund reported 1,454 shares. Sentinel Asset Mngmt Inc has invested 0.19% of its portfolio in Evercore Partners Inc. (NYSE:EVR). Loomis Sayles L P accumulated 255 shares or 0% of the stock.

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 6 selling transactions for $27.23 million net activity. SCHLOSSTEIN RALPH also sold $3.70 million worth of Evercore Partners Inc. (NYSE:EVR) shares. SIBBALD ANDREW also sold $6.40 million worth of Evercore Partners Inc. (NYSE:EVR) on Tuesday, August 23.

More recent Evercore Partners Inc. (NYSE:EVR) news were published by: which released: “Evercore Partners Inc (EVR) Ex-Dividend Date Scheduled for November 22, 2016” on November 21, 2016. Also published the news titled: “Evercore’s John Weinberg Set for $94 Million in Cash, Stock” on November 18, 2016.‘s news article titled: “Evercore Adds Ex-Goldman Banker John Weinberg as Chairman” with publication date: November 16, 2016 was also an interesting one.

EVR Company Profile

Evercore Partners Inc. (Evercore), incorporated on July 21, 2005, is an independent investment banking advisory firm. The Firm operates through two business divisions: Investment Banking and Investment Management.

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