Evertec (EVTC) Receiving Positive Media Coverage, Accern Reports

News coverage about Evertec (NYSE:EVTC) has trended positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Evertec earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.0212998835615 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

EVTC has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price target on shares of Evertec in a research note on Friday, February 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price target (up from $17.00) on shares of Evertec in a research note on Thursday, February 22nd. Zacks Investment Research raised shares of Evertec from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Cowen reaffirmed a “hold” rating and issued a $18.00 price target on shares of Evertec in a research note on Friday, March 2nd. Finally, Goldman Sachs raised shares of Evertec from a “sell” rating to a “neutral” rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

EVTC stock traded up $0.20 on Thursday, hitting $16.30. 569,842 shares of the company’s stock traded hands, compared to its average volume of 1,140,013. Evertec has a 1-year low of $12.60 and a 1-year high of $19.52. The firm has a market cap of $1,176.97, a PE ratio of 11.13, a P/E/G ratio of 2.58 and a beta of 1.14. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.15 and a quick ratio of 1.15.

Evertec (NYSE:EVTC) last released its earnings results on Wednesday, February 21st. The business services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Evertec had a net margin of 13.52% and a return on equity of 78.61%. The business had revenue of $99.63 million during the quarter, compared to analyst estimates of $89.98 million. During the same period in the prior year, the business earned $0.43 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. sell-side analysts expect that Evertec will post 1.26 earnings per share for the current year.

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Evertec Company Profile

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.

Insider Buying and Selling by Quarter for Evertec (NYSE:EVTC)

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