Evercore's Recent Leadership Hires and Saudi Expansion Drive Valuation Assessment

Evercore (EVR) has drawn investor attention with senior hires, a Riyadh office, and Saudi arranging license. The stock has a 1 month share price return of 13.61% and 90 day return of 21.59%. Its 1 year total shareholder return of 38.83% and large 5 year return suggest momentum. Analysts estimate an intrinsic value gap of about 5% and a fair value of around $354 against the latest close at $383.12.