Evertec (EVTC) Given Coverage Optimism Rating of 0.11

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Media headlines about Evertec (NYSE:EVTC) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Evertec earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.3042721363948 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

A number of equities research analysts have recently weighed in on EVTC shares. Goldman Sachs Group upgraded shares of Evertec from a “sell” rating to a “neutral” rating in a report on Thursday, February 22nd. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price objective (up from $17.00) on shares of Evertec in a report on Thursday, February 22nd. Cowen restated a “market perform” rating and issued a $18.00 price objective (up from $14.00) on shares of Evertec in a report on Thursday, February 22nd. Zacks Investment Research lowered shares of Evertec from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $20.00 price objective on shares of Evertec in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.00.

NYSE:EVTC traded down $0.10 during midday trading on Wednesday, reaching $22.75. 5,118 shares of the stock traded hands, compared to its average volume of 428,485. Evertec has a 12 month low of $12.60 and a 12 month high of $22.95. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $1.64 billion, a P/E ratio of 15.48, a P/E/G ratio of 3.21 and a beta of 1.14.

Evertec (NYSE:EVTC) last posted its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. Evertec had a net margin of 13.23% and a return on equity of 72.62%. The company had revenue of $110.27 million during the quarter, compared to analyst estimates of $101.96 million. During the same period in the prior year, the business posted $0.45 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. analysts anticipate that Evertec will post 1.41 EPS for the current year.

Evertec Company Profile

EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.

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

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