Evercore Inc. Class A (NYSE:EVR) traded today at a new 52-week high of $131.56. So far today approximately 376,000 shares have been exchanged, as compared to an average 30-day volume of 565,000 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, Evercore Inc. Class A share prices are bracketed by a low of $33.25 and a high of $131.56 and is now at $129.33, 289% above that low price.
Evercore Inc. Class A (NYSE:EVR) defies analysts with a current price ($129.33) 4.5% above its average consensus price target of $123.45.
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