Could Evercore Inc. (EVR) Change Direction After Making 52-Week High?

May 17, 2018 - By Peter Erickson

Evercore Inc. (NYSE:EVR) Logo

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.01, from 1.02 in 2017Q3. It improved, as 18 investors sold Evercore Inc. shares while 110 reduced holdings. 42 funds opened positions while 90 raised stakes. 36.53 million shares or 1.84% more from 35.87 million shares in 2017Q3 were reported.
Parkside Bank Trust reported 23 shares or 0% of all its holdings. Aperio Limited Company owns 10,209 shares. Captrust Financial Advsr holds 0% or 821 shares. Loomis Sayles And Company Lp owns 445 shares. Pub Employees Retirement Association Of Colorado accumulated 0% or 3,405 shares. Lord Abbett & Co Limited Liability Corp reported 327,070 shares or 0.08% of all its holdings. Jennison Assoc Llc reported 0% in Evercore Inc. (NYSE:EVR). Bank & Trust Of Mellon has invested 0.01% in Evercore Inc. (NYSE:EVR). Tower Research Cap Ltd Liability Corporation (Trc) accumulated 219 shares or 0% of the stock. Putnam Invests Ltd Liability Corporation has invested 0.01% of its portfolio in Evercore Inc. (NYSE:EVR). Suntrust Banks accumulated 0.03% or 54,077 shares. Axiom Intl Invsts Ltd Co De owns 65,917 shares for 0.15% of their portfolio. Ftb Advsrs accumulated 210 shares. Riverhead Cap Management Ltd Liability Corp has invested 0.02% in Evercore Inc. (NYSE:EVR). Jacobs Levy Equity Mngmt reported 61,990 shares or 0.1% of all its holdings.

Since February 1, 2018, it had 0 insider buys, and 11 insider sales for $57.18 million activity. Another trade for 132,578 shares valued at $13.34 million was made by Altman Roger C on Thursday, February 1. Shares for $3.82 million were sold by SCHLOSSTEIN RALPH. $2.12M worth of Evercore Inc. (NYSE:EVR) shares were sold by Walsh Robert B. $73,851 worth of Evercore Inc. (NYSE:EVR) was sold by Klurfeld Jason. SIBBALD ANDREW sold $129,612 worth of Evercore Inc. (NYSE:EVR) on Wednesday, February 21. Arellano Ostoa Augusto had sold 17,665 shares worth $1.81M.

The stock of Evercore Inc. (NYSE:EVR) hit a new 52-week high and has $115.17 target or 6.00 % above today’s $108.65 share price. The 5 months bullish chart indicates low risk for the $4.74 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $115.17 price target is reached, the company will be worth $284.28 million 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 0.41% or $0.45 during the last trading session, reaching $108.65. About 130,389 shares traded. Evercore Inc. (NYSE:EVR) has risen 10.25% since May 17, 2017 and is uptrending. It has underperformed by 1.30% the S&P500.

Analysts await Evercore Inc. (NYSE:EVR) to report earnings on July, 26. They expect $1.50 earnings per share, up 41.51 % or $0.44 from last year’s $1.06 per share. EVR’s profit will be $65.41 million for 18.11 P/E if the $1.50 EPS becomes a reality. After $2.24 actual earnings per share reported by Evercore Inc. for the previous quarter, Wall Street now forecasts -33.04 % 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 has $115.0 highest and $88.0 lowest target. $108.33’s average target is -0.29% below currents $108.65 stock price. Evercore Partners Inc had 6 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of EVR in report on Thursday, December 21 with “Hold” rating. The stock of Evercore Inc. (NYSE:EVR) has “Buy” rating given on Thursday, January 11 by Sandler O’Neill. UBS upgraded the shares of EVR in report on Tuesday, January 9 to “Buy” rating. The stock of Evercore Inc. (NYSE:EVR) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, January 31. The firm has “Buy” rating given on Wednesday, January 31 by Sandler O’Neill. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, January 10.

More notable recent Evercore Inc. (NYSE:EVR) news were published by: Themiddlemarket.com which released: “M&A daily wrap: Humana, TPG, WCAS, Curo Health Services, KKR, LLR, Riverside” on April 23, 2018, also Prnewswire.com with their article: “Gregory Berube to Join Evercore in August as a Senior Managing Director in the Firm’s Investment Banking Business” published on May 07, 2018, Seekingalpha.com published: “Evercore (EVR) Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. More interesting news about Evercore Inc. (NYSE:EVR) were released by: Pehub.com and their article: “Evercore beefs up team with new hire” published on May 07, 2018 as well as Prnewswire.com‘s news article titled: “David Noah to Join Evercore in July as a Senior Managing Director in the Firm’s Investment Banking Business” with publication date: May 14, 2018.

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 $4.74 billion. The firm operates through two divisions, Investment Banking and Investment Management. It has a 38.8 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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