JMP Securities Maintains Evercore Partners to Market Outperform with Price Target $61.00

Brokerage firm JMP Securities Maintains its rating on Evercore Partners(NYSE:EVR). In a research note issued to the investors, the brokerage major Raises the price-target to $61.00 per share. The shares have been rated Market Outperform. The rating by JMP Securities was issued on Jul 28, 2016.

In a different note, On Jul 28, 2016, UBS said it Maintains its rating on Evercore Partners. In the research note, the firm Raises the price-target to $46.00 per share. The shares have been rated ‘Neutral’ by the firm.

Evercore Partners (EVR) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.04% at a volume of 3,40,562. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.96. The peak price level was also seen at $50.96 while the days lowest was $50.37. Finally the shares closed at $50.52. The 52-week high of the shares is $60.63 while the 52-week low is $40.355. According to the latest information available, the market cap of the company is $2,005 M.

Evercore Partners has also declared a cash dividend of $0.3100 on Jul 27, 2016. The shares will quote ex-dividend on Aug 24, 2016 and the record date has been fixed on Aug 26, 2016. The dividend payable date has been fixed on Sep 9, 2016.

Evercore Partners(EVR) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $348.27M. Analysts had an estimated revenue of $313.35M. Earnings per share were $1.04. Analysts had estimated an EPS of $0.86.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Paul Pensa (Contr., Principal Acct.Officer) sold 1,672 shares at $50.85 per share price.Also, On Mar 1, 2016, Andrew Sibbald (CEO EVR Partners International) sold 19,576 shares at $47.01 per share price.

Evercore Partners Inc. (Evercore) is an independent investment banking advisory firm. The Company operates through two business segments: Investment Banking and Investment Management. The Company’s Investment Banking segment includes the Company’s Advisory services through which Evercore provides advice to clients on mergers acquisitions divestitures and other strategic corporate transactions with a particular focus on advising multinational corporations and private equity firms on different transactions. The Company’s Investment Management segment focuses on Institutional Asset Management through which Evercore manages financial assets for institutional investors and provide independent fiduciary services to corporate employee benefit plans; Wealth Management through which the Company provides wealth management services for high-net-worth individuals and Private Equity through which Evercore manages private equity funds.

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