Evercore Inc. (EVR) Can’t Be More Hot. Just Reaches 52-Week High

June 14, 2018 - By Adrian Erickson

Evercore Inc. (NYSE:EVR) Logo

Investors sentiment increased to 1.18 in Q1 2018. Its up 0.15, from 1.03 in 2017Q4. It is positive, as 25 investors sold Evercore Inc. shares while 103 reduced holdings. 54 funds opened positions while 97 raised stakes. 36.89 million shares or 0.99% more from 36.53 million shares in 2017Q4 were reported.
Thrivent Fincl For Lutherans invested in 9,429 shares or 0% of the stock. 30,586 were accumulated by Raymond James And Associate. Ccm Invest Advisers Limited Company invested in 98,388 shares or 1.67% of the stock. 481,922 were reported by Wells Fargo And Mn. Lazard Asset Mgmt Lc accumulated 53,507 shares. Mutual Of America Cap Mngmt Limited Com reported 34,961 shares stake. Mckinley Capital Management Limited Liability Corporation Delaware reported 144,604 shares. Old Commercial Bank In holds 0.02% or 5,085 shares in its portfolio. Verition Fund Mgmt Limited Co, Connecticut-based fund reported 3,822 shares. Vanguard Group has invested 0.01% in Evercore Inc. (NYSE:EVR). 2,779 are held by Meeder Asset. Indexiq Advisors Ltd Company has invested 0.07% in Evercore Inc. (NYSE:EVR). Raymond James Fin Advsrs Inc accumulated 6,489 shares or 0% of the stock. Kames Cap Public Limited Liability Com owns 80,257 shares for 0.18% of their portfolio. Walleye Trading Ltd Liability Corp invested 0% in Evercore Inc. (NYSE:EVR).

Since February 1, 2018, it had 0 buys, and 12 sales for $59.70 million activity. On Tuesday, February 6 Pensa Paul sold $129,548 worth of Evercore Inc. (NYSE:EVR) or 1,396 shares. SCHLOSSTEIN RALPH sold $1.42 million worth of Evercore Inc. (NYSE:EVR) on Thursday, May 3. $129,612 worth of stock was sold by SIBBALD ANDREW on Wednesday, February 21. 92,422 shares were sold by Altman Roger C, worth $8.91M on Sunday, February 4. $73,851 worth of Evercore Inc. (NYSE:EVR) was sold by Klurfeld Jason on Friday, May 4. Shares for $2.12M were sold by Walsh Robert B.

The stock of Evercore Inc. (NYSE:EVR) hit a new 52-week high and has $118.24 target or 7.00 % above today’s $110.50 share price. The 8 months bullish chart indicates low risk for the $4.82 billion company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $118.24 price target is reached, the company will be worth $337.33M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.27% or $0.3 during the last trading session, reaching $110.5. About 192,454 shares traded. Evercore Inc. (NYSE:EVR) has risen 56.56% since June 14, 2017 and is uptrending. It has outperformed by 43.99% the S&P500.

Analysts await Evercore Inc. (NYSE:EVR) to report earnings on July, 26. They expect $1.49 earnings per share, up 40.57 % or $0.43 from last year’s $1.06 per share. EVR’s profit will be $64.98 million for 18.54 P/E if the $1.49 EPS becomes a reality. After $2.24 actual earnings per share reported by Evercore Inc. for the previous quarter, Wall Street now forecasts -33.48 % negative EPS growth.

Evercore Inc. (NYSE:EVR) Ratings Coverage

Among 3 analysts covering Evercore Partners Inc (NYSE:EVR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Evercore Partners Inc had 6 analyst reports since December 21, 2017 according to SRatingsIntel. The stock of Evercore Inc. (NYSE:EVR) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, January 31. As per Thursday, January 11, the company rating was maintained by Sandler O’Neill. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Evercore Inc. (NYSE:EVR) earned “Buy” rating by UBS on Tuesday, January 9. The company was maintained on Wednesday, January 31 by Sandler O’Neill. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Wednesday, January 10 report.

Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. The company has market cap of $4.82 billion. The firm operates through two divisions, Investment Banking and Investment Management. It has a 35.25 P/E ratio. The Investment Banking segment provides advisory services on mergers, acquisitions, divestitures, leveraged buyouts, and similar corporate finance matters; capital markets advice relating to debt and equity securities; and services related to securities underwriting, private placement services, and commissions for agency equity trading services and equity research.

Evercore Inc. (NYSE:EVR) Institutional Positions Chart

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