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EVR $301.8

EVR target price
301.80
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0
Evercore
Type
Public company
Traded as NYSE: EVR
S&P 600 Component
Industry Investment banking
Founded 1995; 22 years ago (1995)
Founder Roger Altman
Headquarters 55 East 52nd Street
New York City, United States
Key people
Roger Altman
(Senior Chairman)
John S. Weinberg
(Executive Chairman)
Ralph Schlosstein
(President and CEO)
Products Investment banking
Investment management
Revenue Increase US$1.4 billion (2016)
Net income
Increase $107 million (2016)
Number of employees
1,525 (2016)
Website www.evercore.com

Evercore is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner.

Evercore’s Investment Banking business advises its clients on mergers and acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with macro and fundamental equity research, sales and trading execution. Evercore’s Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves clients from 28 offices in North America, Europe, South America and Asia.

To date, the firm has advised on more than $2 trillion of merger, acquisition, recapitalization, and restructuring transactions. Recent M&A assignments include advising Whole Foods on its $14 billion pending sale to Amazon; DuPont on its $68 billion merger of equals with The Dow Chemical Company; Tesla on its $2 billion acquisition of SolarCity; Abbott Laboratories on its $31 billion acquisition of St. Jude Medical; and Coach on its $2 billion acquisition of Kate Spade New York. The firm also offers investment management services to high net worth and institutional investors.

In August 2014, Evercore announced the acquisition of International Strategy & Investment ("ISI") Group for $440 million. The deal was closed the following October to create Evercore ISI Institutional Equities, offering Macro and Fundamental Research, Sales, and Trading execution. In 2014, the firm secured the second highest number of Institutional Investor #1 positions, after J.P. Morgan, and also ranked #5 in total II positions.

In April 2014, former Evercore banker Perkins Hixon pleaded guilty to insider trading in the securities of Evercore, Westway Group Inc. and Titanium Metals Corporation from 2010-2013. He resigned from the company earlier in 2014.

In November 2011, the firm announced that it had agreed to purchase a 45% non-controlling interest in ABS Investment Management, an institutionally focused equity long/short hedge fund of funds manager.

In October 2011, Evercore and Kotak Mahindra Capital Company Limited ("Kotak Investment Banking") (a subsidiary of Kotak Mahindra Bank Limited), announced that the two firms had entered into an exclusive strategic alliance for cross-border M&A advisory services between India and the United States, the United Kingdom, and Mexico.

In August 2011, the firm completed its acquisition of Lexicon Partners, an independent UK-based investment banking advisory firm.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-25 Future report Set alerts
Q2 2022 2022-07-27 2.46 2.46
Q1 2022 2022-04-27 3.79 3.79
Q4 2021 2022-02-02 7.15 7.15
Q3 2021 2021-10-27 3.96 3.96
Q2 2021 2021-07-28 3.17 3.17
Q1 2021 2021-04-28 3.29 3.29
Q4 2020 2021-02-03 5.67 5.67
Q3 2020 2020-10-21 0.00 0.00
Q2 2020 2020-07-22 1.53 1.35

Ratings

2016-06-29 Reiterated Rating Buckingham Research Buy $66.00
2016-06-28 Reiterated Rating Credit Suisse Sell
2016-06-28 Reiterated Rating Credit Suisse Group AG Sell
2016-03-17 Downgrade Evercore ISI Buy to Hold
2016-03-16 Downgrade Craig Hallum Buy to Hold
2016-03-15 Lower Price Target Nomura $62.00 to $60.00
2016-03-15 Lower Price Target Nomura Holdings Inc. $62.00 to $60.00
2016-02-05 Boost Price Target Nomura $60.00 to $62.00
2016-02-04 Lower Price Target Keefe, Bruyette & Woods Market Perform $60.00 to $55.00
2016-02-04 Lower Price Target Goldman Sachs Buy $64.00 to $60.00
2016-02-04 Lower Price Target Goldman Sachs Group Inc. Buy $64.00 to $60.00
2016-01-12 Upgrade Goldman Sachs Neutral to Conviction-Buy
2016-01-11 Reiterated Rating Nomura Hold $61.00 to $60.00
2015-11-10 Downgrade Susquehanna Positive to Neutral $61.00
2015-11-09 Downgrade Nomura Buy to Neutral
2015-11-03 Boost Price Target Nomura Buy to Buy $59.00 to $61.00
2015-10-12 Lower Price Target Susquehanna Positive $68.00 to $61.00
2015-10-08 Lower Price Target JMP Securities $66.00 to $61.00
2015-10-06 Lower Price Target Nomura Buy $64.00 to $59.00
2015-09-08 Lower Price Target Credit Suisse Outperform $59.00 to $57.00
2015-07-09 Initiated Coverage Buckingham Research Buy $66.00
2015-07-08 Boost Price Target Keefe, Bruyette & Woods Outperform $55.00 to $57.50
2015-07-07 Boost Price Target Nomura $62.00
2015-06-25 Downgrade Goldman Sachs Buy to Neutral $60.00 to $62.00
2015-02-02 Initiated Coverage Credit Suisse Outperform $57.00
2015-01-13 Upgrade Goldman Sachs Neutral to Buy $56.00 to $57.00
2014-12-11 Initiated Coverage MKM Partners Buy $63.00
2014-11-25 Initiated Coverage Macquarie Outperform $59.00
2014-08-04 Upgrade Sidoti Neutral to Buy
2014-07-07 Boost Price Target Susquehanna Positive $62.00 to $66.00
2014-06-25 Upgrade Sandler O'Neill Hold to Buy
2014-05-21 Upgrade JMP Securities Market Perform to Outperform $64.00
2014-05-12 Boost Price Target Goldman Sachs $54.00 to $58.00
2014-03-26 Lower Price Target Nomura $70.00 to $68.00
2014-03-19 Downgrade Sandler O'Neill Buy to Hold
2014-01-09 Initiated Coverage Nomura Buy $72.00
2013-10-24 Reiterated UBS Neutral $48 to $54
2013-10-07 Downgrade Goldman Sachs Buy to Neutral $52.00
2011-09-29 Reiterated Ticonderoga Buy $37 to $26
2011-05-02 Upgrade JMP Securities Mkt Perform to Mkt Outperform $42
2011-03-21 Upgrade Ticonderoga Neutral to Buy $37
2010-09-15 Initiated Ticonderoga Neutral
2010-07-08 Reiterated Barclays Capital Equal Weight $32 to $29
2008-08-14 Upgrade Banc of America Sec Neutral to Buy
2008-02-13 Reiterated Lehman Brothers Equal-weight $31 to $25
2007-11-13 Initiated Banc of America Sec Neutral $29
2016-06-29 Reiterated Rating Buckingham Research Buy $66.00
2016-06-28 Reiterated Rating Credit Suisse Sell
2016-06-28 Reiterated Rating Credit Suisse Group AG Sell
2016-03-17 Downgrade Evercore ISI Buy to Hold
2016-03-16 Downgrade Craig Hallum Buy to Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
WEINBERG JOHN S Executive Chairman 2.18%  (792262) EVR / F / GS /
ASPE PEDRO Co-Chairman of the Board 0.94%  (340763) EVR / MHFI /
Altman Roger C Executive Chairman 0.51%  (183279) EVR /
SCHLOSSTEIN RALPH President and CEO 0.35%  (128018) EVR /
SIBBALD ANDREW CEO EVR Partners International 0.35%  (125325) EVR /
Walsh Robert B Principal Financial Officer 0.24%  (87246) EVR /
de Saint Phalle Francois 0.17%  (63090) EVR /
FRANKEL ADAM B General Counsel 0.16%  (58401) EVR /
MILLARD ROBERT B 0.12%  (44627) EVR / LLL /
Harris Gail Block 0.12%  (44013) EVR /
BEATTIE RICHARD I 0.07%  (25925) EVR / HOG / HSII /
HYMAN EDWARD S Vice Chair EPI & Chairman EISI 0.05%  (18575) BXMT / EVR /
HESSLER CURTIS A 0.05%  (18090) EVR / LTRE /
Arellano Ostoa Augusto CEO of EVR Mexico 0.04%  (14455) EVR /
Klurfeld Jason General Counsel 0.03%  (10097) EVR /
Pritzker Anthony N 0.03%  (9796) EVR /
Pensa Paul Contr.,Principal Acct. Officer 0.01%  (5196) EVR /
OVERLOCK WILARD J JR 0.01%  (4918) BDX / EVR /
WHEELER WILLIAM J 0.01%  (4877) EVR / MET /
Robertson Sir Simon 0.01%  (1950) EVR /