EVO Payments (EVOP) Coverage Initiated at Barclays
Investment analysts at Barclays began coverage on shares of EVO Payments (NASDAQ:EVOP) in a research note issued to investors on Wednesday, The Fly reports. The firm set an “equal weight” rating and a $29.00 price target on the stock. Barclays’ price target would suggest a potential upside of 6.27% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. SunTrust Banks increased their target price on shares of EVO Payments to $32.00 and gave the stock a “buy” rating in a research report on Thursday, November 8th. Buckingham Research started coverage on shares of EVO Payments in a research report on Wednesday, August 29th. They set a “neutral” rating and a $24.00 target price on the stock. Finally, Citigroup lowered their target price on shares of EVO Payments from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, August 9th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $24.89.
EVO Payments stock opened at $27.29 on Wednesday. EVO Payments has a one year low of $19.00 and a one year high of $30.45.
Institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in shares of EVO Payments in the third quarter valued at about $112,000. Frontier Capital Management Co. LLC acquired a new stake in shares of EVO Payments in the second quarter valued at about $150,000. California Public Employees Retirement System acquired a new stake in shares of EVO Payments in the second quarter valued at about $206,000. Chicago Capital LLC acquired a new stake in shares of EVO Payments in the third quarter valued at about $239,000. Finally, American International Group Inc. acquired a new stake in shares of EVO Payments in the third quarter valued at about $258,000. 21.97% of the stock is currently owned by hedge funds and other institutional investors.
EVO Payments Company Profile
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 525,000 merchants. The company processes approximately 900 million transactions in North America and approximately 1.7 billion transactions in Europe. Its payment and commerce solutions consist of gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, security tokenization, and encryption solutions at the point-of-sale and online; dynamic currency conversion; loyalty offers; and other ancillary solutions.
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