|Bid||76.25 x 800|
|Ask||84.99 x 800|
|Day's Range||83.47 - 84.74|
|52 Week Range||33.25 - 84.74|
|Beta (5Y Monthly)||1.79|
|PE Ratio (TTM)||15.10|
|Earnings Date||Oct 21, 2020|
|Forward Dividend & Yield||2.44 (2.94%)|
|Ex-Dividend Date||Nov 25, 2020|
|1y Target Est||84.00|
Evercore (EVR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Higher underwriting fees and assets under management boost Evercore's (EVR) Q3 earnings, partly muted by escalating costs and lower advisory fees.
Shares of Evercore Partners gained about 6% on Wednesday after the investment banking company’s 3Q EPS of $1.11 outpaced analysts’ estimates of $0.38. The company also announced a dividend hike of 5.2%.Evercore’s (EVR) revenues remained flat at $408.5 but exceeded the Street consensus of $320.5 million. The company said that higher underwriting revenues were offset by a decline in advisory fees, commissions and related fees.Evercore announced a quarterly dividend to $0.61 per share, up from $0.58 previously. The dividend will be paid on Dec. 11 to stockholders of record on Nov. 27. The annualized dividend of $2.44 per share, reflects a yield of 3.1%. . (See EVR stock analysis on TipRanks).On Oct. 9, JMP Securities analyst Devin Ryan raised the stock's price target stock to $102 (23.8% upside potential) from $83 and maintained a Buy rating. The 5-star analyst said continued recovery in the capital markets in the past few months should provide "attractive opportunities" for the company to deliver organic growth over the next 1-2 years.Currently, the Street is bullish on the stock. The Strong Buy analyst consensus is based on 5 Buys. The average price target of $85.20 implies upside potential of about 3.4% to current levels. Shares have gained by 10.2% year-to-date.Related News: KeyCorp’s Profit Rises As Credit Loss Provisions Drop 20% Pentair Raises 2020 Outlook As Pool Sales Rise; Shares Gain 4% Albertsons Jumps 5.6% As Online Sales Pop 243% More recent articles from Smarter Analyst: * Whirlpool Jumps 5% As Demand Recovery Fuels 3Q Sales Beat * Chipotle Falls 4% As Delivery Costs Drag Down 3Q Earnings * AstraZeneca Covid-19 Brazil Trial To Continue After Volunteer Dies - Report * Lam Research's 1Q Sales Soar 47% On Strong Chip Demand