By Hilary Kramer,
Early in the fourth quarter, Evercore completed its 50% acquisition of Brazil investment banking boutique G5 advisors, increasing the company's reach into one of the world's largest economies. Evercore has also partnered with Protego seeking investment opportunities in Mexico. To top it off, earnings at EVR are expected to grow 77% in 2011, which makes the stock attractively valued right now. Its current P/E (for the last 12 months) is nearly 100X, which looks scary, doesn't it? But based on expected earnings in 2011, the P/E drops dramatically to only 19X. Buy EVR anytime you can get it under $33.50. I'd be shocked if the stock doesn't move to at least $40 in 2011, but in truth, I think there's a good chance it goes higher. Read my complete recommendation of why
Evercore (EVR) stock is a buy , and check out the 9 other FREE stock picks that make up InvestorPlace.com's Top 10 Stocks for 2011. As of this writing, Hilary Kramer was recommending Evercore to her paid newsletter subscribers.