Evertec (EVTC) Shares Gap Up to $16.00
Evertec Inc (NYSE:EVTC)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $15.80, but opened at $16.00. Evertec shares last traded at $15.57, with a volume of 1212381 shares traded.
A number of equities analysts have recently commented on EVTC shares. JPMorgan Chase & Co. lowered Evertec from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Evertec from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. ValuEngine upgraded Evertec from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Goldman Sachs Group downgraded Evertec from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $15.00 to $12.00 in a research report on Wednesday, January 17th. Finally, Stifel Nicolaus lowered their price objective on Evertec from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.67.
The firm has a market capitalization of $1,140.00, a PE ratio of 17.36, a PEG ratio of 2.24 and a beta of 1.24. 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 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.
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