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.
TRADEMARK VIOLATION NOTICE: “Evertec Inc (EVTC) Receives Consensus Recommendation of “Hold” from Analysts” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/02/10/evertec-inc-evtc-receives-consensus-recommendation-of-hold-from-analysts.html.
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.
Receive News & Ratings for Evertec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evertec and related companies with MarketBeat.com's FREE daily email newsletter.