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

June 27, 2018 - By Brenda Gibbons

Evercore Inc. (NYSE:EVR) Corporate Logo

During 2018 Q1 the big money sentiment increased to 1.18. That’s change of 0.15, from 2017Q4’s 1.03. 25 investors sold all, 103 reduced holdings as Evercore Inc. ratio increased. 97 rose holdings while 54 funds acquired holdings. Funds hold 36.89 million shares thus 0.99% more from 2017Q4’s 36.53 million shares.

Agf Invs reported 85,201 shs or 0.08% of all its holdings. Public Employees Retirement Association Of Colorado invested 0% in Evercore Inc. (NYSE:EVR). Nuveen Asset Mgmt Ltd Liability Co reported 545,661 shs. State Of Wisconsin Investment Board accumulated 174,000 shs or 0.04% of the stock. Moreover, Bluemountain Cap Management Ltd Llc has 0.03% invested in Evercore Inc. (NYSE:EVR). State Board Of Administration Of Florida Retirement accumulated 0% or 18,520 shs. Axiom Int Investors Ltd Liability Com De stated it has 52,910 shs or 0.11% of all its holdings. California-based Covington Cap Mngmt has invested 0.08% in Evercore Inc. (NYSE:EVR). Globeflex Capital Lp reported 26,871 shs. Miles reported 3,133 shs. San Francisco Sentry Investment Gru (Ca) accumulated 5,900 shs. Alpha Windward Ltd reported 364 shs. Regions Fincl holds 0% or 4,975 shs. Deroy Devereaux Private Counsel holds 0.21% of its capital in Evercore Inc. (NYSE:EVR) for 22,550 shs. Frontier Cap Ltd Liability, Massachusetts-based fund reported 533,624 shs.

Evercore Inc. registered $59.70 million net activity with 0 buys and 12 insider sales since February 1, 2018. 177,513 shs were sold by SCHLOSSTEIN RALPH, worth $18.24 million on Tuesday, May 1. 132,578 Evercore Inc. (NYSE:EVR) shs with value of $13.34M were sold by Altman Roger C. On Tuesday, May 1 a trade for 17,665 shs valued at $1.81M was made by Arellano Ostoa Augusto. $129,548 worth of stock was sold by Pensa Paul on Tuesday, February 6. 22,000 shs were sold by Walsh Robert B, worth $2.12 million. Shares for $129,612 were sold by SIBBALD ANDREW on Wednesday, February 21.

Reiterated Evercore (NYSE:EVR) Rating.

Bank of America’s Equity research analysts have $130 target price per share which would suggest upside potential of 18.69 % on Evercore (NYSE:EVR). an analyst note of the firm was disclosed on 26 June.

Evercore Inc. (NYSE:EVR) Ratings Coverage

In total 4 analysts cover Evercore Partners Inc (NYSE:EVR). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. 75% are bullish. 6 are the (NYSE:EVR)’s analyst reports since January 9, 2018 according to StockzIntelligence Inc. In Tuesday, January 9 report UBS upgraded the stock to “Buy” rating. The stock rating was maintained by Sandler O’Neill with “Buy” on Thursday, January 11. On Tuesday, June 26 the rating was maintained by Bank of America with “Buy”. On Wednesday, January 31 Sandler O’Neill maintained Evercore Inc. (NYSE:EVR) with “Buy” rating. In Wednesday, January 10 report Keefe Bruyette & Woods maintained the stock with “Hold” rating. On Wednesday, January 31 the rating was maintained by Keefe Bruyette & Woods with “Hold”.

EVR hit $109.53 during the last trading session after $0.18 change.Evercore Inc. has volume of 287,936 shares. Since June 27, 2017 EVR has risen 56.56% and is uptrending. The stock outperformed the S&P500 by 43.99%.

On July, 26. Investors wait Evercore Inc. (NYSE:EVR) to reveal its quarterly earnings, RTT reports. EPS of $1.49 is 40.57 % up from 2017’s $1.06 EPS. If $1.49 is reported, EVR’s profit will hit $64.97M for 18.38 P/E. Wall Street predicts -33.48 % negative EPS growth as of July, 26.

Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally.The firm is worth $4.78 billion. It operates through two divisions, Investment Banking and Investment Management.The P/E ratio is 34.94. 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 a significant Evercore Inc. (NYSE:EVR) news released by Streetinsider.com. It’s a report 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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