EVR Stock Summary and Trading Ideas (Evercore Class A | NYSE:EVR)

Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities trading, equity underwriting, and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 2,200 employees at the end of 2023, and about 75% of its revenue is derived from the United States.

Evercore Class A trades on the NYSE stock market under the symbol EVR.

As of April 19, 2024, EVR stock price climbed to $186.36 with 274,636 million shares trading.

EVR has a beta of 1.47, meaning it tends to be more sensitive to market movements. EVR has a correlation of 0.36 to the broad based SPY ETF.

EVR has a market cap of $7.21 billion. This is considered a Mid Cap stock.

Last quarter Evercore Class A reported $790 million in Revenue and $2.02 earnings per share. This beat revenue expectation by $74 million and exceeded earnings estimates by $.35.

In the last 3 years, EVR stock traded as high as $198.99 and as low as $78.67.

The top ETF exchange traded funds that EVR belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

EVR has outperformed the market in the last year with a price return of +55.0% while the SPY ETF gained +21.2%. EVR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.1% and -2.4%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

EVR support price is $182.25 and resistance is $188.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EVR stock will trade within this expected range on the day.