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

Shares of Evertec Inc (NYSE:EVTC) have earned an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.40.

A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of Evertec from a “sell” rating to a “strong sell” rating in a research note on Friday, October 27th. TheStreet cut shares of Evertec from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. Zacks Investment Research cut shares of Evertec from a “hold” rating to a “strong sell” rating in a research note on Monday, October 16th. Deutsche Bank lowered their price objective on shares of Evertec from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Finally, Morgan Stanley lowered their price objective on shares of Evertec from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 19th.

A number of hedge funds and other institutional investors have recently bought and sold shares of EVTC. Quantitative Systematic Strategies LLC purchased a new position in Evertec in the fourth quarter valued at approximately $141,000. SG Americas Securities LLC purchased a new position in Evertec in the third quarter valued at approximately $146,000. Koch Industries Inc. raised its holdings in Evertec by 1,753.1% in the second quarter. Koch Industries Inc. now owns 196,889 shares of the business services provider’s stock valued at $186,000 after buying an additional 186,264 shares during the period. Boothbay Fund Management LLC purchased a new position in Evertec in the third quarter valued at approximately $187,000. Finally, Fox Run Management L.L.C. purchased a new position in Evertec in the third quarter valued at approximately $189,000. Hedge funds and other institutional investors own 82.20% of the company’s stock.

Evertec (NYSE:EVTC) opened at $15.45 on Friday. 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 has a 12 month low of $12.60 and a 12 month high of $19.52. The firm has a market cap of $1,093.09, a price-to-earnings ratio of 9.15, a PEG ratio of 2.24 and a beta of 1.24.

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About Evertec

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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