Evercore (EVR) Stock Price, News & Analysis

Company Overview

Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking & Equities, and Investment Management. The Investment Banking & Equities segment offers strategic advisory services, such as mergers, and acquisitions, strategic, defense, and shareholder advisory, special committee assignments, and real estate strategic advisory; private capital advisory and fundraising, market risk management and hedging, private capital markets and debt advisory, liability management and restructuring, and equity capital markets execution and advisory services; and research, sales, and trading professionals services on a content-led platform to its institutional investor clients. The Investment Management segment provides wealth management services to high-net-worth individuals, foundations, and endowments; and manages financial assets for institutional investors. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.

Key Stats

• Today's Range: $295.36 to $301.77
• 50-Day Range: $234.77 to $315.65
• 52-Week Range: $143.40 to $324.06
• Volume: 270,134 shs
• Average Volume: 339,004 shs
• Market Capitalization: $11.48 billion
• P/E Ratio: 38.69
• Dividend Yield: 1.06%
• Price Target: $270.40
• Consensus Rating: Hold

Evercore Stock Analysis - MarketRank™

Evercore scored higher than 89% of companies evaluated by MarketBeat, and ranked 139th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Evercore has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Evercore has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 79.65%

Earnings Growth

Earnings for Evercore are expected to grow by 79.65% in the coming year, from $9.14 to $16.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Evercore is 38.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Evercore is 38.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

Evercore has a P/B Ratio of 6.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.04% of the float of Evercore has been sold short.

Short Interest Ratio / Days to Cover

Evercore has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Evercore has recently decreased by 22.54%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Evercore pays a meaningful dividend of 1.07%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Evercore has been increasing its dividend for 17 years.

Dividend Coverage

The dividend payout ratio of Evercore is 41.08%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Evercore will have a dividend payout ratio of 19.49% next year. This indicates that Evercore will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -0.19

Percentage of Shares Shorted

2.04% of the float of Evercore has been sold short.

Short Interest Ratio / Days to Cover

Evercore has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Evercore has recently decreased by 22.54%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: -1.00

News Sentiment

Evercore has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Evercore this week, compared to 2 articles on an average week.

Search Interest

8 people have searched for EVR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

6 people have added Evercore to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Evercore insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $30,214,335.00 in company stock.

Percentage Held by Insiders

Only 8.29% of the stock of Evercore is held by insiders.

Percentage Held by Institutions

86.23% of the stock of Evercore is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EVR Stock Analysis - Frequently Asked Questions

How have EVR shares performed this year?

Evercore's stock was trading at $171.05 on January 1st, 2024. Since then, EVR shares have increased by 76.2% and is now trading at $301.43.
View the best growth stocks for 2024 here.

How were Evercore's earnings last quarter?

Evercore Inc. (NYSE:EVR) announced its earnings results on Wednesday, October, 23rd. The asset manager reported $2.04 EPS for the quarter, topping the consensus estimate of $1.95 by $0.09. The business's revenue for the quarter was up 28.8% on a year-over-year basis.

Who are Evercore's major shareholders?

Evercore's top institutional shareholders include Wellington Management Group LLP (3.57%), State Street Corp (2.87%), Massachusetts Financial Services Co. MA (2.37%) and Geode Capital Management LLC (1.87%). Insiders that own company stock include Edward S Hyman, Timothy Gilbert Lalonde, Jason Klurfeld, Richard I Beattie, Paul Pensa and Pamela G Carlton.
View institutional ownership trends.

How do I buy shares of Evercore?

Shares of EVR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Evercore own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Evercore investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 9/13 Dividend: 8/30/2024
• Dividend Payable: 9/13/2024
• Last Earnings: 10/23/2024
• Today: 11/20/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Investment Banking & Brokerage
• Current Symbol: NYSE:EVR
• CUSIP: 29977A10
• CIK: 1360901
• Web: www.evercore.com
• Phone: (212) 857-3100
• Fax: 212-857-3101
• Employees: 2,195
• Year Founded: 1995

Price Target and Rating

• Average Stock Price Target: $270.40
• High Stock Price Target: $308.00
• Low Stock Price Target: $245.00
• Potential Upside/Downside: -10.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.79
• Trailing P/E Ratio: 38.69
• Forward P/E Ratio: 32.98
• P/E Growth: N/A
• Net Income: $255.48 million
• Net Margins: 11.45%
• Pretax Margin: 15.68%
• Return on Equity: 20.20%
• Return on Assets: 10.31%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 2.98
• Quick Ratio: 1.43

Sales & Book Value

• Annual Sales: $2.43 billion
• Price / Sales: 4.73
• Cash Flow: $7.44 per share
• Price / Cash Flow: 40.49
• Book Value: $47.19 per share
• Price / Book: 6.39

Miscellaneous

• Outstanding Shares: 38,070,000
• Free Float: 34,913,000
• Market Cap: $11.48 billion
• Optionable: Optionable
• Beta: 1.36