Somewhat Positive Press Coverage Somewhat Unlikely to Impact Evertec (EVTC) Stock Price

News articles about Evertec (NYSE:EVTC) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Evertec earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.213363288548 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of equities research analysts have recently commented 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 dropped 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, Cowen reaffirmed a “hold” rating and set a $20.00 price objective on shares of Evertec in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.83.

Shares of Evertec (EVTC) opened at $13.55 on Friday. The company has a market cap of $984.51, a P/E ratio of 8.24, a PEG ratio of 1.87 and a beta of 1.14. Evertec has a one year low of $12.60 and a one year high of $19.52. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.00 and a current ratio of 1.00.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The firm had revenue of $102.70 million for the quarter, compared to analyst estimates of $97.11 million. Evertec had a return on equity of 95.54% and a net margin of 15.92%. Evertec’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. research analysts forecast that Evertec will post 1.46 earnings per share for the current fiscal year.

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About Evertec

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.

Insider Buying and Selling by Quarter for Evertec (NYSE:EVTC)

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