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: $262.67 to $279.31
• 50-Day Range: $257.92 to $315.65
• 52-Week Range: $162.72 to $324.06
• Volume: 880,617 shs
• Average Volume: 341,220 shs
• Market Capitalization: $10.50 billion
• P/E Ratio: 35.41
• Dividend Yield: 1.16%
• Price Target: $301.20
• Consensus Rating: Moderate Buy

Evercore Stock Analysis - MarketRank™

Evercore scored higher than 78% of companies evaluated by MarketBeat, and ranked 309th out of 937 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: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Evercore has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 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: 2.5 / 5
• Proj. Earnings Growth: 80.97%

Earnings Growth

Earnings for Evercore are expected to grow by 80.97% in the coming year, from $9.04 to $16.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Evercore is 35.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Evercore is 35.41, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 34.17.

Price to Book Value per Share Ratio

Evercore has a P/B Ratio of 5.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.30% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Evercore has recently increased by 14.02%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Evercore pays a meaningful dividend of 1.10%, 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 19.56% 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

2.30% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Evercore has recently increased by 14.02%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: 0.20

News Sentiment

Evercore has a news sentiment score of 0.20. 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 0.79 average news sentiment score of Finance companies.

News Coverage This Week

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

Search Interest

Only 2 people have searched for EVR on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Evercore to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $39,028,921.00 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 at the beginning of 2024. Since then, EVR shares have increased by 61.3% and is now trading at $275.84.
View the best growth stocks for 2024 here.

How were Evercore's earnings last quarter?

Evercore Inc. (NYSE:EVR) issued its quarterly earnings results on Wednesday, October, 23rd. The asset manager reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.09. Evercore's quarterly revenue was up 28.8% compared to the same quarter last year.

Who are Evercore's major shareholders?

Evercore's top institutional investors include Wellington Management Group LLP (3.57%), State Street Corp (2.87%), Lord Abbett & CO. LLC (2.42%) and Massachusetts Financial Services Co. MA (2.37%). 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

• Last Earnings: 10/23/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

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: $301.20
• High Stock Price Target: $339.00
• Low Stock Price Target: $265.00
• Potential Upside/Downside: +9.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.79
• Trailing P/E Ratio: 35.41
• Forward P/E Ratio: 30.51
• 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: $2.79 billion
• Price / Sales: 3.77
• Cash Flow: $6.86 per share
• Price / Cash Flow: 40.22
• Book Value: $47.19 per share
• Price / Book: 5.85

Miscellaneous

• Outstanding Shares: 38,069,000
• Free Float: 34,913,000
• Market Cap: $10.50 billion
• Optionable: Optionable
• Beta: 1.38