EVERTEC (NYSE:EVTC – Get Free Report) had its price target decreased by research analysts at Keefe, Bruyette & Woods from $47.00 to $42.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 41.84% from the stock’s current price.
EVERTEC Stock Performance
Shares of EVTC stock opened at $29.61 on Monday. The firm has a market cap of $1.91 billion, a P/E ratio of 29.91, a PEG ratio of 1.89 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.59 and a quick ratio of 1.59. EVERTEC has a fifty-two week low of $28.76 and a fifty-two week high of $42.21. The stock’s 50-day moving average is $34.66 and its two-hundred day moving average is $37.63.
EVERTEC (NYSE:EVTC – Get Free Report) last posted its earnings results on Wednesday, May 1st. The business services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.54 by $0.09. EVERTEC had a net margin of 8.87% and a return on equity of 29.86%. The firm had revenue of $205.32 million for the quarter, compared to the consensus estimate of $200.75 million. Analysts predict that EVERTEC will post 2.38 earnings per share for the current fiscal year.
Institutional Investors Weigh In On EVERTEC
About EVERTEC
EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.
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