EVERCORE INC - A (NYSE:EVR) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth metrics with improving price action, making it a candidate worth examining further.
Fundamental Strengths
Growth Metrics: EVR has demonstrated strong revenue growth of 26.88% over the past year, with earnings per share (EPS) surging by 67.71%. Future expectations remain positive, with projected EPS growth of 30.07% annually.
Profitability: The company earns a Profitability Rating of 7/10, supported by high return metrics, including a Return on Equity (ROE) of 29.12%, outperforming 94.40% of its industry peers.
Financial Health: With a Health Rating of 9/10, EVR maintains a strong balance sheet, featuring a low Debt-to-Equity ratio (0.19) and excellent liquidity (Current Ratio of 3.25).
Valuation: While not deeply undervalued, EVR trades at a reasonable forward P/E of 14.86, below the S&P 500 average, suggesting room for upside if growth continues.
Technical Setup
Trend Improvement: The short-term trend has turned positive, while the long-term trend remains neutral but shows signs of strengthening.
Support and Resistance: Key support lies near $222-$232, while resistance is found around $234-$241. A breakout above $234.77 could signal further upside.
Relative Strength: EVR has outperformed 84% of stocks in its sector over the past year, indicating strong momentum.
Consolidation Pattern: Recent price action has formed a consolidation zone, with reduced volatility hinting at a potential breakout.
This is not investment advice. The observations here are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.