Credit Suisse Believes EVR Won’t Stop Here

By Carrie Williams

Credit Suisse analyst Christian Bolu resumed coverage with a Buy rating on Evercore Partners Inc (NYSE: EVR) today. The company’s shares opened today at $65.80, close to its 52-week high of $66.60.

According to TipRanks.com, Bolu is a 4-star analyst with an average return of 10.4% and a 71.9% success rate. Bolu covers the Financial sector, focusing on stocks such as Raymond James Financial, Stifel Financial Corp., and Investment Technology.

Evercore Partners Inc has an analyst consensus of Moderate Buy, with a price target consensus of $65.

The company has a one year high of $66.60 and a one year low of $40.36. Currently, Evercore Partners Inc has an average volume of 383.3K.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Ralph Schlosstein, the President & CEO of EVR sold 71,849 shares for a total of $3,699,543.

Evercore Partners, Inc. is an independent investment banking advisory company. It operates through the Investment Banking and Investment Management segments. The Investment Banking segment includes its Advisory services, through which it provides advice to clients on mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising multinational corporations and substantial private equity firms on large, complex transactions. The Investment Management segment focuses on Institutional Asset Management, through which it manages financial assets for sophisticated institutional investors and provides independent fiduciary services to corporate employee benefit plans; Wealth Management, through which it provides wealth management services for high net-worth individuals; and Private Equity, through which it manages private equity funds. The company was founded by Roger C. Altman in 1996 and is headquartered in New York, NY.