Evercore Partners Up 6.1% After Doubling Profit And Beating Estimates (EVR)

Shares of New York, New York-based Evercore Partners Inc EVR are trading up 6.1% at $33.75 per share during the Wednesday afternoon trading session. The day's trading range for shares of Evercore Partners Inc has been between $31.98 and $34.02 per share. Analysts covering the company's stock give it a consensus price target of $35.21 per share. Volume of 265,000 shares is already nearly double the daily average volume of 146,000 shares. Evercore Partners Inc (EVR) announced on Wednesday morning that it beat consensus Wall Street expectations. Evercore Partners Inc announced adjusted 4th quarter earnings per share of 27 cents, on revenue of $102.19 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 24 cents per share, on revenue of $99.19 million. Evercore Partners' Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities. Evercore's investment management business comprises wealth management, institutional asset management and private equity investing. Read more from Benzinga's Company news.