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4 Reasons to Buy Evercore Partners (EVR) Stock Right Now

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At a time when financial stocks are in the spotlight following an improving economy and the Fed rate hike, adding few such stocks to your investment portfolio will be a wise decision. Today we bring one such stock – Evercore Partners Inc. (EVR - Free Report) – for you to consider.

This Zacks Rank #1 (Strong Buy) stock seems to be an attractive investment option right now as it has been witnessing solid upward estimate revisions. The Zacks Consensus Estimate for the current year increased 2.6% over the last 30 days to $4.65. Estimates for 2018 jumped 10.9% to $5.41 per share over the same time frame.

Further, shares of Evercore Partners jumped 19.2% over the past three months, outpacing the Zacks categorized Investment Brokers industry’s gain of 4.9%.



Why the Stock is a Solid Pick?

Earnings Per Share Strength: Over the past three to five years, Evercore Partners witnessed earnings per share (EPS) growth of 8.3%. Further, the company’s earnings are projected to grow 7.6% in 2017.

Also, the company’s long-term (three to five years) estimated EPS growth rate of 11.9% promises rewards for investors over the long run.

Solid Return on Equity (ROE): With an ROE of 21.46% compared with the industry average of 10.40%, Evercore Partners appears to reinvest its cash more efficiently.

Valuation Looks Reasonable: Evercore Partners has a Value Score of ‘B.’ The Value Style Score condenses all valuation metrics into one actionable score which helps investors steer clear of ‘value traps’ and identify stocks that are truly trading at a discount. Our research shows that stocks with Style Scores of ‘A’ or ‘B,’ when combined with Zacks Rank #1 or #2 (Buy), offer the best upside potential.

Favorable VGM Score: Evercore Partners has a VGM Score of ‘A.’ Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.

Other Stocks Worth a Look

Other favorably placed stocks in the same industry include LPL Financial Holdings Inc. (LPLA - Free Report) , Yintech Investment Holdings Limited and GAIN Capital Holdings, Inc. . All three stocks sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

LPL Financial earnings estimates have been revised upward by 2.7% for the current year over the past 30 days. Also so far this year, its share price increased 12.6%.

Yintech Investment recorded an upward earnings estimate revision of 8.7% for the current year in the past 30 days. Also, its share price has seen a 15.9% rise so far this year.

GAIN Capital Holdings recorded an upward earnings estimate revision of 24.3% for the current year over the past 30 days. Also, its share price has seen a 25.7% rise so far this year.

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