Recent Research Analysts’ Ratings Updates for Evertec (EVTC)

Several analysts have recently updated their ratings and price targets for Evertec (NYSE: EVTC):

  • 10/9/2017 – Evertec was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Evertec, Inc. is engaged in transaction processing business primarily in Latin America and the Caribbean. The Company operates through divisions which consist of Merchant Acquiring Solutions, Payment Processing and Business Solutions. It offers ATH network, payment processing, card products processing, electronic benefit transfer services, information technology services, database management services, printing centre and document mailing, cash processing, business processes outsourcing services as well as payment solutions, point-of-sale systems and accessories to receive payments. Evertec, Inc. is based in San Juan, Puerto Rico. “
  • 10/3/2017 – Evertec was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Evertec, Inc. is engaged in transaction processing business primarily in Latin America and the Caribbean. The Company operates through divisions which consist of Merchant Acquiring Solutions, Payment Processing and Business Solutions. It offers ATH network, payment processing, card products processing, electronic benefit transfer services, information technology services, database management services, printing centre and document mailing, cash processing, business processes outsourcing services as well as payment solutions, point-of-sale systems and accessories to receive payments. Evertec, Inc. is based in San Juan, Puerto Rico. “
  • 10/2/2017 – Evertec was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/28/2017 – Evertec was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock.
  • 9/28/2017 – Evertec was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/26/2017 – Evertec was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Evertec, Inc. (NYSE EVTC) traded up 0.95% during trading on Tuesday, hitting $16.00. 537,043 shares of the stock were exchanged. Evertec, Inc. has a 52 week low of $14.15 and a 52 week high of $19.52. The firm’s 50 day moving average price is $17.59 and its 200-day moving average price is $17.01. The stock has a market cap of $1.16 billion, a P/E ratio of 14.97 and a beta of 1.21.

Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Evertec had a net margin of 19.64% and a return on equity of 107.21%. The company had revenue of $103.51 million during the quarter, compared to analysts’ expectations of $100.21 million. During the same period in the prior year, the company posted $0.43 earnings per share. Evertec’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Evertec, Inc. will post $1.63 EPS for the current year.

EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.

Receive News & Ratings for Evertec Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evertec Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply