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

May 17, 2018 - By Robert Sims

Evercore Inc. (NYSE:EVR) Logo

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.01, from 1.02 in 2017Q3. It increased, 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.
Jane Street Gp Ltd Liability has invested 0% in Evercore Inc. (NYSE:EVR). Moreover, C M Bidwell & Assocs has 0.07% invested in Evercore Inc. (NYSE:EVR). Spark Inv Management Limited has invested 0.1% of its portfolio in Evercore Inc. (NYSE:EVR). Wellington Mgmt Llp holds 616,454 shares or 0.01% of its portfolio. Panagora Asset Management reported 0.17% of its portfolio in Evercore Inc. (NYSE:EVR). 24,306 are owned by Public Sector Pension Investment Board. Comerica State Bank stated it has 0.03% of its portfolio in Evercore Inc. (NYSE:EVR). Geode Capital Limited Liability Company, Massachusetts-based fund reported 470,946 shares. Credit Suisse Ag invested in 66,498 shares or 0.01% of the stock. Bridgeway Cap Mngmt has invested 0.01% in Evercore Inc. (NYSE:EVR). Deutsche State Bank Ag owns 353,517 shares. Ameritas Investment Ptnrs, a Nebraska-based fund reported 3,329 shares. Voya Investment Mngmt Ltd Liability Corporation reported 51,718 shares. Captrust Finance owns 821 shares for 0% of their portfolio. Dimensional Fund Limited Partnership stated it has 1.11 million shares.

Since February 1, 2018, it had 0 insider purchases, and 11 selling transactions for $57.18 million activity. SIBBALD ANDREW had sold 1,336 shares worth $129,612 on Wednesday, February 21. Walsh Robert B sold $2.12 million worth of stock or 22,000 shares. On Thursday, February 1 SCHLOSSTEIN RALPH sold $3.82 million worth of Evercore Inc. (NYSE:EVR) or 37,800 shares. 717 Evercore Inc. (NYSE:EVR) shares with value of $73,851 were sold by Klurfeld Jason. Arellano Ostoa Augusto sold 17,665 shares worth $1.81M. The insider Altman Roger C sold 92,422 shares worth $8.91M.

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 EPS, up 41.51 % or $0.44 from last year’s $1.06 per share. EVR’s profit will be $65.41M for 18.11 P/E if the $1.50 EPS becomes a reality. After $2.24 actual EPS 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. The stock of Evercore Inc. (NYSE:EVR) has “Buy” rating given on Tuesday, January 9 by UBS. The stock of Evercore Inc. (NYSE:EVR) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, January 31. On Thursday, January 11 the stock rating was maintained by Sandler O’Neill with “Buy”. The stock has “Buy” rating by Sandler O’Neill on Wednesday, January 31. Keefe Bruyette & Woods maintained it with “Hold” rating and $97.0 target in Wednesday, January 10 report.

More notable recent Evercore Inc. (NYSE:EVR) news were published by: Seekingalpha.com which released: “Evercore (EVR) Q1 2018 Results – Earnings Call Transcript” on April 25, 2018, also Prnewswire.com with their article: “David Noah to Join Evercore in July as a Senior Managing Director in the Firm’s Investment Banking Business” published on May 14, 2018, Pehub.com published: “Evercore beefs up team with new hire” on May 07, 2018. More interesting news about Evercore Inc. (NYSE:EVR) were released by: Prnewswire.com and 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 as well as Themiddlemarket.com‘s news article titled: “M&A daily wrap: Sun Capital, Huntsman, Demilec, Whirlpool, Ardian, AEA, Trimble” with publication date: April 24, 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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