For its third fiscal quarter (ending September 30), Evercore Inc (NYSE: EVR) has reported E.P.S. of $2.05 compared to $1.38 a year ago. For the latest four quarters through September 30, E.P.S. were $8.37 versus $8.14 for the same period a year ago.
Recent Price Action
Evercore Inc (NYSE: EVR) stock closed at $257.74 on 10/23/24 after a large decline of -6.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 290% of normal. The stock has declined -5.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EVR is expected to continue to be a major Value Builder.
Evercore has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Evercore has a poor Appreciation Score of 28 but a very high Power Rating of 93, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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