Evertec (EVTC) Stock Rating Upgraded by ValuEngine

Evertec (NYSE:EVTC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday, November 9th.

Several other research analysts have also issued reports on EVTC. Zacks Investment Research raised Evertec from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, October 3rd. Stifel Nicolaus raised Evertec from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, September 28th. TheStreet lowered Evertec from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Deutsche Bank lowered their target price on Evertec from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. Finally, BidaskClub raised Evertec from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.83.

Shares of Evertec (EVTC) opened at $14.00 on Thursday. The firm has a market capitalization of $1,009.84, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18. Evertec has a twelve month low of $12.60 and a twelve month high of $19.52. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.08.

Evertec (NYSE:EVTC) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). The business had revenue of $102.70 million during the quarter, compared to analyst estimates of $97.11 million. Evertec had a net margin of 15.92% and a return on equity of 95.54%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. equities research analysts expect that Evertec will post 1.46 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of EVTC. Thrivent Financial For Lutherans raised its position in shares of Evertec by 1,152.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 867,111 shares of the business services provider’s stock worth $15,001,000 after acquiring an additional 797,881 shares in the last quarter. Boston Partners grew its stake in shares of Evertec by 79.7% in the 3rd quarter. Boston Partners now owns 1,634,218 shares of the business services provider’s stock valued at $25,902,000 after buying an additional 725,051 shares during the period. Capital Research Global Investors grew its stake in shares of Evertec by 32.2% in the 2nd quarter. Capital Research Global Investors now owns 2,438,000 shares of the business services provider’s stock valued at $42,177,000 after buying an additional 594,000 shares during the period. Denver Investment Advisors LLC grew its stake in shares of Evertec by 75.8% in the 2nd quarter. Denver Investment Advisors LLC now owns 1,264,674 shares of the business services provider’s stock valued at $21,879,000 after buying an additional 545,463 shares during the period. Finally, River Road Asset Management LLC grew its stake in shares of Evertec by 318.1% in the 3rd quarter. River Road Asset Management LLC now owns 699,470 shares of the business services provider’s stock valued at $11,087,000 after buying an additional 532,172 shares during the period. 79.34% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Evertec (NYSE:EVTC)

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