Evercore Stock Soars (EVR)

NEW YORK ( TheStreet) -- Shares of Evercore Partners Inc (NYSE: EVR) have taken a tremendous swing upward. The stock is trading at $28.55 as of 11:50 a.m. ET, 20.5% above Wednesday's closing price of $23.70. Volume is at 338,989, one times the daily average of 327,500.

Evercore has a market cap of $618.2 million and is part of the financial sector and financial services industry. Shares are down 30.3% year to date as of the close of trading on Wednesday.

Evercore Partners Inc. operates as an independent investment banking advisory firm. The company has a P/E ratio of 45.1, above the average financial services industry P/E ratio of 44.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Evercore as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Evercore Ratings Report.

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