Ticonderoga Maintains a 'Buy' on Evercore Partners (EVR); Adjusting Estimates for Follow-On, Lexicon Transaction and Management Guidance
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Price: $303.23 -1.35%
Rating Summary:
13 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
13 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Ticonderoga maintains a 'Buy' on Evercore Partners (NYSE: EVR).
Ticonderoga analyst said, "We are lowering our Q2'11 EPS estimate to $0.44 (form $0.47) to reflect the 2mm to 2.3mm share follow-on offering related to the acquisition of Lexicon as well as management guidance for Q2'11, which was disclosed in the prospectus. We are raising our 2011 and 2012 EPS estimates to $1.78/$2.52 from $1.77/$2.43, respectively, assuming the completion of the Lexicon transaction in Q3'11; this is somewhat offset by a higher share count."
For more ratings news on Evercore Partners click here and for the rating history of Evercore Partners click here.
Shares of Evercore Partners closed at $34.38 yesterday.
Ticonderoga analyst said, "We are lowering our Q2'11 EPS estimate to $0.44 (form $0.47) to reflect the 2mm to 2.3mm share follow-on offering related to the acquisition of Lexicon as well as management guidance for Q2'11, which was disclosed in the prospectus. We are raising our 2011 and 2012 EPS estimates to $1.78/$2.52 from $1.77/$2.43, respectively, assuming the completion of the Lexicon transaction in Q3'11; this is somewhat offset by a higher share count."
For more ratings news on Evercore Partners click here and for the rating history of Evercore Partners click here.
Shares of Evercore Partners closed at $34.38 yesterday.
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