The stock of Evercore Inc (NYSE: EVR) has decreased by -5.53 when compared to last closing price of 196.10. Despite this, the company has experienced a -0.13% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that Evercore (EVR) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.20 per share. This compares to earnings of $2.16 per share a year ago.
Is It Worth Investing in Evercore Inc (NYSE: EVR) Right Now?
Evercore Inc (NYSE: EVR) has a higher price-to-earnings ratio of 29.19x compared to its average ratio, The 36-month beta value for EVR is at 1.42. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for EVR is 35.62M, and currently, shorts hold a 2.69% of that float. The average trading volume for EVR on April 24, 2024 was 371.75K shares.
EVR’s Market Performance
EVR’s stock has seen a -0.13% decrease for the week, with a -3.69% drop in the past month and a 5.97% gain in the past quarter. The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 2.12% for Evercore Inc The simple moving average for the last 20 days is -2.80% for EVR stock, with a simple moving average of 17.76% for the last 200 days.
Analysts’ Opinion of EVR
UBS, on the other hand, stated in their research note that they expect to see EVR reach a price target of $176, previously predicting the price at $160. The rating they have provided for EVR stocks is “Neutral” according to the report published on January 09th, 2024.
Goldman gave a rating of “Neutral” to EVR, setting the target price at $140 in the report published on August 22nd of the previous year.
EVR Trading at -2.08% from the 50-Day Moving Average
After a stumble in the market that brought EVR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.90% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -2.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.70% upper at present.
During the last 5 trading sessions, EVR fell by -0.40%, which changed the moving average for the period of 200-days by +53.01% in comparison to the 20-day moving average, which settled at $190.31. In addition, Evercore Inc saw 8.31% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EVR starting from LaLonde Timothy Gilbert, who sale 3,337 shares at the price of $178.74 back on Feb 13 ’24. After this action, LaLonde Timothy Gilbert now owns 27,291 shares of Evercore Inc, valued at $596,460 using the latest closing price.
Klurfeld Jason, the General Counsel of Evercore Inc, sale 5,877 shares at $173.21 during a trade that took place back on Feb 08 ’24, which means that Klurfeld Jason is holding 22,099 shares at $1,017,956 based on the most recent closing price.
Stock Fundamentals for EVR
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.51 for the gross margin
The net margin for Evercore Inc stands at 0.11. The total capital return value is set at 0.12. Equity return is now at value 16.41, with 6.81 for asset returns.
Based on Evercore Inc (EVR), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.1. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 21.04.
Currently, EBITDA for the company is 445.27 million with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of 3.07. The receivables turnover for the company is 4.89for trailing twelve months and the total asset turnover is 0.64.
Conclusion
In conclusion, Evercore Inc (EVR) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
