Evercore (EVR) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Evercore in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EVR shares.
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5 analysts have issued twelve-month price targets for Evercore's stock. Their EVR share price forecasts range from $95.00 to $137.00. On average, they expect the company's stock price to reach $121.20 in the next year. This suggests a possible upside of 6.1% from the stock's current price.
View analysts price targets for EVR or view top-rated stocks among Wall Street analysts.

Evercore's stock was trading at $109.08 at the beginning of the year. Since then, EVR stock has increased by 4.7% and is now trading at $114.23.
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Evercore saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,110,000 shares, a decrease of 9.0% from the April 15th total of 1,220,000 shares. Based on an average daily volume of 446,500 shares, the short-interest ratio is currently 2.5 days. Approximately 3.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our EVR earnings forecast.

Evercore Inc. (NYSE:EVR) posted its earnings results on Wednesday, April, 26th. The asset manager reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.42. The asset manager had revenue of $577.80 million for the quarter, compared to the consensus estimate of $574.08 million. Evercore had a net margin of 15.34% and a trailing twelve-month return on equity of 28.02%. The company's quarterly revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.80 EPS.

Evercore declared a quarterly dividend on Wednesday, April 26th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.76 per share on Friday, June 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, May 25th. This is a positive change from the stock's previous quarterly dividend of $0.72.
Read our dividend analysis for EVR.

ETFs with the largest weight of Evercore (NYSE:EVR) stock in their portfolio include The Acquirers Fund (ZIG), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), First Trust Financial AlphaDEX Fund (FXO), iShares Factors US Value Style ETF (STLV), SPDR S&P Capital Markets ETF (KCE) and Nuveen Small Cap Select ETF (NSCS).

Evercore (NYSE:EVR) pays an annual dividend of $3.04 per share and currently has a dividend yield of 2.68%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVR will have a dividend payout ratio of 24.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVR.

63 employees have rated Evercore Chief Executive Officer Ralph L. Schlosstein on Glassdoor.com. Ralph L. Schlosstein has an approval rating of 100% among the company's employees. This puts Ralph L. Schlosstein in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Evercore investors own include Cisco Systems (CSCO), AbbVie (ABBV), Alibaba Group (BABA), QUALCOMM (QCOM), Bank of America (BAC), Intel (INTC), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Verizon Communications (VZ) and Applied Materials (AMAT).

Evercore trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVR."

Evercore's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.69%), JPMorgan Chase & Co. (4.11%), State Street Corp (2.72%), Dimensional Fund Advisors LP (2.30%), Geode Capital Management LLC (1.64%) and Hotchkis & Wiley Capital Management LLC (1.43%). Insiders that own company stock include Ellen V Futter, Jason Klurfeld, Pamela G Carlton, Paul Pensa, Ralph Schlosstein, Richard I Beattie, Robert B Walsh and Timothy Gilbert Lalonde.
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Shares of EVR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EVR stock can currently be purchased for approximately $114.23.

Evercore (NYSE:EVR) has a market capitalization of $4.38 billion and generates $2.76 billion in revenue each year. The asset manager earns $476.52 million in net income (profit) each year or $9.86 on an earnings per share basis.

The company employs 2,120 workers across the globe.

Evercore's mailing address is 55 EAST 52ND STREET, NEW YORK NY, 10055. The official website for the company is www.evercore.com. The asset manager can be reached via phone at (212) 857-3100, via email at investorrelations@evercore.com, or via fax at 212-857-3101.