EVERCORE INC - A (NYSE:EVR) – A Strong Growth Stock with a Technical Breakout Pattern

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.

For a deeper dive into EVR’s fundamentals, review the full fundamental report. The technical analysis report provides additional insights on price trends and key levels.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks meeting these criteria and is updated daily.

Disclaimer

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.