Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Evercore Inc before investing.

In this article, we go over a few key elements for understanding Evercore Inc’s stock price such as:

• Evercore Inc’s current stock price and volume
• Why Evercore Inc’s stock price changed recently
• Upgrades and downgrades for EVR from analysts
• EVR’s stock price momentum as measured by its relative strength

About Evercore Inc (EVR)

Before we jump into Evercore Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Evercore Inc. is an independent investment banking advisory company. The Company operates in two segments: Investment Banking & Equities and Investment Management. The Investment Banking & Equities segment includes the investment banking business through which it provides advice to clients on mergers, acquisitions, divestitures, shareholder activism and other strategic corporate transactions with a particular focus on advising multinational corporations and private equity firms on large, complex transactions. It provides liability management and restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. The Investment Management segment includes the wealth management business, through which it provides investment advisory, wealth management and fiduciary services for high-net-worth individuals and associated entities, and the private equity business, which holds interests in private equity funds, not managed by the Company.

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Evercore Inc’s Stock Price as of Market Close

As of August 08, 2024, 4:00 PM, CST, Evercore Inc’s stock price was $233.17.

Evercore Inc is up 4.19% from its previous closing price of $223.80.

During the last market session, Evercore Inc’s stock traded between $223.78 and $231.00. Currently, there are 38.50 million shares of Evercore Inc stock available for purchase.

Evercore Inc’s price-earnings (P/E) ratio is currently at 31.0, which is high compared to the Investment Banking & Brokerage Services industry median of 15.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Evercore Inc Stock Price History

Evercore Inc’s (EVR) price is currently down 6.88% so far this month.

During the month of August, Evercore Inc’s stock price has reached a high of $251.41 and a low of $212.62.

Over the last year, Evercore Inc has hit prices as high as $254.74 and as low as $124.53. Year to date, Evercore Inc’s stock is up 113.76%.

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What Caused Evercore Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 07, 2024, there were 5 analysts who downgraded Evercore Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Evercore Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Evercore Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Evercore Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Evercore Inc (EVR) by visiting AAII Stock Evaluator.

Relative Price Strength of Evercore Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 07, 2024, Evercore Inc has a weighted four-quarter relative price strength of 10.17%, which translates to a Momentum Score of 89 and is considered to be Very Strong.

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Evercore Inc Stock Price: Bottom Line

As of August 8, 2024, Evercore Inc’s stock price is $233.17, which is up 4.19% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Evercore Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.