Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Evercore Inc (NYSE: EVR) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 3/8/24, Evercore Inc (NYSE: EVR) stock increased 1.1%, closing at $196.33. Moreover, this advance was accompanied by exceptionally high trading volume at 236% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.9% during the last week.
Current PriceTarget Research Rating
With future capital returns 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 B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Evercore has a neutral Appreciation Score of 42 but a very high Power Rating of 98, and the Positive Value Trend Rating results.
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