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 a bullish chart pattern, making it a candidate worth examining further.

Fundamental Strengths

• Growth: EVR has demonstrated strong earnings growth, with EPS increasing by 67.71% over the past year. Revenue growth has also been robust at 26.88%, and future EPS growth is projected at 33.88% annually.
• Profitability: The company earns a 7/10 Profitability Rating, with standout metrics like a 29.12% Return on Equity, outperforming 94% of its industry peers.
• Financial Health: EVR scores a 9/10 in Financial Health, supported by a strong balance sheet with a Debt/Equity ratio of 0.19 and ample liquidity.
• Valuation: While the P/E ratio of 27.28 suggests a premium valuation, the forward P/E of 17.61 is more reasonable compared to the broader market.

Technical Setup

• Trend Strength: Both short-term and long-term trends are positive, with the stock trading near the upper end of its 52-week range.
• Bull Flag Pattern: The chart shows a consolidation after a recent uptrend, suggesting potential for another leg higher.
• Support & Resistance: Key support lies near $286.99, while resistance is seen around $298.25. A breakout above resistance could signal further upside.

For a deeper dive, review the full fundamental report and technical analysis.

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

Disclaimer

This is not investing advice! The article highlights observations at the time of writing, but you should always conduct your own analysis before making investment decisions.