A number of research firms have changed their ratings and price targets for Evertec (NYSE: EVTC):

  • 10/19/2017 – Evertec had its price target lowered by analysts at Morgan Stanley from $18.00 to $17.00. They now have an “equal weight” rating on the stock.
  • 10/19/2017 – Evertec was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/16/2017 – Evertec was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” 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. “
  • 10/12/2017 – Evertec had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $20.00 price target on the stock.
  • 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.

Evertec, Inc. (NYSE:EVTC) opened at 14.35 on Wednesday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 13.42 and a beta of 1.21. The firm’s 50-day moving average is $16.50 and its 200 day moving average is $16.96. Evertec, Inc. has a 52 week low of $14.15 and a 52 week high of $19.52.

Evertec (NYSE:EVTC) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $103.51 million during the quarter, compared to the consensus estimate of $100.21 million. Evertec had a return on equity of 107.21% and a net margin of 19.64%. Evertec’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, equities research analysts expect that Evertec, Inc. will post $1.59 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.

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