Evercore Inc (NYSE: EVR) is 50.68% higher on its value in year-to-date trading and has touched a low of $124.53 and a high of $288.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EVR stock was last observed hovering at around $275.61 in the last trading session, with the day’s loss setting it -17.87%.
Currently trading at $257.74, the stock is -1.51% and 2.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -6.48% at the moment leaves the stock 22.26% off its SMA200. EVR registered 96.91% gain for a year compared to 6-month gain of 38.13%. The firm has a 50-day simple moving average (SMA 50) of $250.4464 and a 200-day simple moving average (SMA200) of $210.817.
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The stock witnessed a -0.24% loss in the last 1 month and extending the period to 3 months gives it a 4.89%, and is -6.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.30% over the week and 2.32% over the month.
Evercore Inc (EVR) has around 2195 employees, a market worth around $9.88B and $2.81B in sales. Current P/E ratio is 33.11 and Fwd P/E is 18.05. Profit margin for the company is 11.43%. Distance from 52-week low is 106.97% and -10.52% from its 52-week high. The company has generated returns on investments over the last 12 months (13.86%).
Evercore Inc quarterly earnings per share for the current quarter are estimated at 3.3 with sales reaching $898.25M over the same period.The EPS is expected to grow by 41.12% this year, but quarterly earnings will post 18.20% year-over-year. Quarterly sales are estimated to grow 13.70% in year-over-year returns.
622.0 institutions hold shares in Evercore Inc (EVR), with institutional investors hold 97.47% of the company’s shares. The shares outstanding are 37.77M, and float is at 35.49M with Short Float at 2.54%. Institutions hold 90.24% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.72 million shares valued at $775.45 million. The investor’s holdings represent 9.6791 of the EVR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.5 million shares valued at $730.21 million to account for 9.1143 of the shares outstanding. The other top investors are BOSTON PARTNERS which holds 1.68 million shares representing 4.3578 and valued at over $350.41 million, while STATE STREET CORP holds 2.8319 of the shares totaling 1.09 million with a market value of $226.88 million.
Evercore Inc (EVR) Insider Activity
The most recent transaction is an insider sale by LaLonde Timothy Gilbert, the company’s Chief Financial Officer. SEC filings show that LaLonde Timothy Gilbert sold 3,750 shares of the company’s common stock on Aug 21 ’24 at a price of $238.72 per share for a total of $0.9 million. Following the sale, the insider now owns 40563.0 shares.
Still, SEC filings show that on Jul 29 ’24, Carlton Pamela G (Director) disposed off 534 shares at an average price of $247.07 for $0.13 million. The insider now directly holds 3,146 shares of Evercore Inc (EVR).
