Evercore Inc. Class A (NYSE:EVR) traded today at a new 52-week high of $132.27. This new high was reached on below average trading volume as 189,000 shares traded hands, while the average 30-day volume is approximately 584,000 shares.
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 and investment management businesses that account for 15% to 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had around 1,900 employees at the end of 2019, and approximately 75% of the company’s revenue is derived from the United States.
In the past 52 weeks, shares of Evercore Inc. Class A have traded between a low of $33.25 and a high of $132.27 and is now at $132.01, which is 297% above that low price.
Based on a current price of $132.01, Evercore Inc. Class A is currently 6.5% above its average consensus analyst price target of $123.45.
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