Evertec Inc (EVTC) Receives Consensus Recommendation of “Hold” from Analysts

Evertec Inc (NYSE:EVTC) has received a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.50.

Several equities analysts have recently commented on EVTC shares. Zacks Investment Research upgraded Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, October 3rd. ValuEngine upgraded Evertec from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus upgraded Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, September 28th. Deutsche Bank cut their price target on Evertec from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Finally, TheStreet lowered Evertec from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th.

Several institutional investors have recently made changes to their positions in EVTC. BNP Paribas Arbitrage SA grew its stake in Evertec by 497.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 5,880 shares during the last quarter. SG Americas Securities LLC purchased a new position in Evertec in the third quarter valued at about $146,000. Boothbay Fund Management LLC purchased a new position in Evertec in the third quarter valued at about $187,000. Fox Run Management L.L.C. purchased a new position in Evertec in the third quarter valued at about $189,000. Finally, Quantbot Technologies LP purchased a new position in Evertec in the third quarter valued at about $244,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Shares of Evertec (NYSE:EVTC) opened at $14.10 on Tuesday. Evertec has a 52-week low of $12.60 and a 52-week high of $19.52. The firm has a market capitalization of $1,020.70, a price-to-earnings ratio of 16.02, a PEG ratio of 2.09 and a beta of 1.14. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.00 and a current ratio of 1.00.

Evertec (NYSE:EVTC) last released its earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.08). The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $97.11 million. Evertec had a return on equity of 95.54% and a net margin of 15.92%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. equities research analysts predict that Evertec will post 1.35 EPS 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.

Analyst Recommendations for Evertec (NYSE:EVTC)

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