Evercore (NYSE:EVR): “Buy” Rating was Kept by Equity Analysts at Bank of America; with Price Objective of $130.

June 27, 2018 - By Daniel Mitchell

Evercore Inc. (NYSE:EVR) Corporate Logo

Big Money Sentiment increased to 1.18 in Q1 2018. It has change of 0.15, from 2017Q4’s 1.03. The ratio is positive due to Evercore Inc. positioning: 25 sold and 103 reduced. 54 funds amassed holdings and 97 increased holdings. Investors holded 36.53 million in 2017Q4 but now own 36.89 million shares or 0.99% more.

Apg Asset Mngmt Nv reported 219,900 shs or 0.03% of all its holdings. New York-based Cap One Association has invested 0.03% in Evercore Inc. (NYSE:EVR). Etrade Cap Mgmt Lc stated it has 2,928 shs. Goldman Sachs Group reported 0.01% of its capital in Evercore Inc. (NYSE:EVR). Globeflex Capital Lp invested in 0.5% or 26,871 shs. Illinois-based Channing Capital Mngmt Limited Liability Corp has invested 2.63% in Evercore Inc. (NYSE:EVR). Bank & Trust Of America Corp De, a North Carolina-based fund reported 722,868 shs. Sg Americas Secs Lc holds 0.01% or 13,761 shs. Waddell Reed Financial reported 327,720 shs stake. Hennessy Advsrs invested in 0.06% or 21,950 shs. Citigroup invested 0.01% in Evercore Inc. (NYSE:EVR). Pnc Gp has 0% invested in Evercore Inc. (NYSE:EVR). The Massachusetts-based Rhumbline Advisers has invested 0.01% in Evercore Inc. (NYSE:EVR). Ing Groep Nv holds 6,273 shs. Boston Private Wealth Lc reported 0.03% in Evercore Inc. (NYSE:EVR).

Evercore Inc. had 12 insider sales and 0 insider purchases since February 1, 2018. This’s net activity of $59.70 million. Arellano Ostoa Augusto sold $1.81M worth of stock. The insider Walsh Robert B sold $2.12 million. 132,578 shs were sold by Altman Roger C, worth $13.34 million. SIBBALD ANDREW sold $129,612 worth of stock. On Tuesday, February 6 Pensa Paul sold $129,548 worth of Evercore Inc. (NYSE:EVR). Another trade for 717 shs valued at $73,851 was sold by Klurfeld Jason.

Reiterated Evercore (NYSE:EVR) Rating.

Evercore (NYSE:EVR) had $130 PT given by Bank of America in an analyst note revealed to investors and clients on Tuesday morning. Expert analysts’s price target would suggest a potential upside of 18.69 % from the company’s last stock close.

Evercore Inc. (NYSE:EVR) Ratings Coverage

Total analysts of 4 have positions in Evercore Partners Inc (NYSE:EVR) as follows: 3 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 75%. Since January 9, 2018 according to StockzIntelligence Inc Evercore Partners Inc has 6 analyst reports. The company rating was maintained by Sandler O’Neill on Wednesday, January 31. The stock rating was maintained by Sandler O’Neill with “Buy” on Thursday, January 11. The company rating was maintained by Keefe Bruyette & Woods on Wednesday, January 31. On Wednesday, January 10 Keefe Bruyette & Woods maintained Evercore Inc. (NYSE:EVR) with “Hold” rating. On Tuesday, January 9 the stock of Evercore Inc. (NYSE:EVR) earned “Buy” rating by UBS. On Tuesday, June 26 the company was maintained by Bank of America.

EVR is hitting $109.53 during the last trading session, after increased 0.16%.Currently Evercore Inc. is uptrending after 56.56% change in last June 27, 2017. EVR has 287,936 shares volume. The stock outperformed the S&P 500 by 43.99%.

Earnings report for Evercore Inc. (NYSE:EVR) is expected on July, 26., according to Faxor. Last year’s earnings per share was $1.06, while now analysts expect change of 40.57 % up from current $1.49 earnings per share. In case of $1.49 earnings per share EVR’s profit could reach $64.97M. Wall Street now forecasts -33.48 % negative EPS growth despite Evercore Inc. previous quarter’s EPS of $2.24.

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 $4.78 billion market cap. It operates through two divisions, Investment Banking and Investment Management.34.94 is the P/E ratio. The Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, shareholder activism and defense, and related corporate finance matters; and services related to securities underwriting, private placement services, and commissions for agency equity trading services and equity research.

There’s an important Evercore Inc. (NYSE:EVR) news posted by Streetinsider.com. It’s an article titled: “Evercore Partners (EVR) PT Raised to $130 at BofA/Merrill Lynch; Strong Hiring Trends a Sign” on June 26, 2018.

Evercore Inc. (NYSE:EVR) Institutional Investors Chart

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