Evercore Partners - Stock Of The Day

Summary

• 100% technical buy signals.
• 16 new highs and up 18.39% in the last month.
• 45.50% gain in the last year.

The Barchart Chart of the Day belongs to the boutique investment banking firm

Evercore Partners (EVR).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 9/30 the stock gained 68.89%.  

Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, shareholder activism and defense, and related corporate finance matters; and services related to securities underwriting, private placement services, and commissions for agency-based equity trading services and equity research. This segment also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders, and potential acquirers; and macroeconomic, policy, and fundamental equity research and agency-based equity securities trading for institutional investors. In addition, it engages in the provision of capital markets advisory services and advisory services focused on secondary transactions for private funds interests; and raising funds for financial sponsors. The Investment Management segment offers investment advisory, wealth management, and fiduciary services for high net-worth individuals and related entities; and institutional asset management services, including financial assets management services for institutional investors. It also holds interests in private equity funds; and provides trust services. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

• 100% technical buy signals
• 89.70+ Weighted Alpha
• 45.50% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 18.39% in the last month
• Relative Strength Index 88.73%
• Technical support level at 109.01
• Recently traded at 110.81 with a 50 day moving average of 90.69

Fundamental factors:

• Market Cap $4.48 billion
• P/E 16.45
• Dividend yield 2.26%
• Revenue expected to grow 12.80% next year
• Earnings estimated to increase 32.00% next year
• Wall Street analysts issued 5 strong by and 1 buy recommendation on the stock
• The individual investors following the stock on Motley Fool voted 93 to 15 that the stock will beat the market
• 4,740 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.