Evercore Inc (NYSE: EVR) has reported E.P.S. of $2.23 for its first fiscal quarter (ending March 31) versus $2.17 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $6.76 versus $10.30 for the same period a year ago.
Recent Price Action
Evercore Inc (NYSE: EVR) stock declined by -4.8% on 4/24/24. The shares closed at $186.59. Moreover, this decline was accompanied by exceptionally high trading volume at 357% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.0% 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Evercore has a neutral Appreciation Score of 43 but a very high Power Rating of 94, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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