Evertec (EVTC) Getting Somewhat Positive News Coverage, Accern Reports
Media coverage about Evertec (NYSE:EVTC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Evertec earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.3638703556144 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Brokerages Expect Evertec, Inc. (EVTC) Will Post Earnings of $0.40 Per Share (americanbankingnews.com)
- Zacks Investment Research Lowers Evertec, Inc. (EVTC) to Strong Sell (americanbankingnews.com)
- EVERTEC to Announce Third Quarter 2017 Financial Results on November 7, 2017 (finance.yahoo.com)
- Evertec’s (EVTC) Hold Rating Reaffirmed at Cowen and Company (americanbankingnews.com)
- ETFs with exposure to EVERTEC, Inc. : October 11, 2017 (finance.yahoo.com)
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, August 3rd. ValuEngine cut shares of Evertec from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub cut shares of Evertec from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Cowen and Company reiterated a “hold” rating and issued a $20.00 price target on shares of Evertec in a research note on Thursday, October 12th. Finally, Stifel Nicolaus upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.75.
Shares of Evertec (NYSE EVTC) traded down 1.32% during mid-day trading on Tuesday, reaching $15.00. 460,200 shares of the company’s stock traded hands. The company’s 50 day moving average is $17.16 and its 200 day moving average is $17.01. The company has a market cap of $1.09 billion, a P/E ratio of 14.03 and a beta of 1.21. Evertec has a 12-month low of $14.15 and a 12-month high of $19.52.
Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Evertec had a net margin of 19.64% and a return on equity of 107.21%. The business had revenue of $103.51 million for the quarter, compared to analyst estimates of $100.21 million. During the same quarter last year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Evertec will post $1.63 EPS for the current fiscal year.
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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