Everi (EVRI) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Everi (NYSE:EVRI) from a hold rating to a strong-buy rating in a research note published on Monday morning, Zacks.com reports. The firm currently has $12.00 target price on the credit services provider’s stock.

According to Zacks, “Everi Holdings Inc. is a holding company which operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company’s segments include Games and Payments. Global Cash Access, Inc. provides integrated gaming payments solutions, video and mechanical reel gaming content and technology solutions, as well as compliance and software. Multimedia Games Holding Company, Inc., designs, manufactures and supplies gaming machines and systems. Everi Holdings Inc., formerly known as Global Cash Access Holdings, Inc., is headquartered in Las Vegas, United States. “

Other research analysts have also issued reports about the stock. Stifel Nicolaus set a $15.00 target price on shares of Everi and gave the company a buy rating in a research note on Wednesday, May 8th. ValuEngine upgraded shares of Everi from a buy rating to a strong-buy rating in a research note on Friday, March 15th. Finally, SunTrust Banks assumed coverage on shares of Everi in a research note on Monday, February 11th. They issued a buy rating and a $9.00 target price on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Everi has a consensus rating of Buy and a consensus price target of $10.90.

Shares of EVRI traded down $0.03 during mid-day trading on Monday, hitting $10.96. 11,332 shares of the company’s stock were exchanged, compared to its average volume of 1,045,445. Everi has a twelve month low of $4.76 and a twelve month high of $11.09. The firm has a market cap of $782.95 million, a price-to-earnings ratio of 109.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.83.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.06. Everi had a net margin of 2.82% and a negative return on equity of 7.83%. The company had revenue of $123.78 million for the quarter, compared to analyst estimates of $120.92 million. During the same quarter in the prior year, the business posted $0.06 EPS. Everi’s quarterly revenue was up 11.5% on a year-over-year basis. Research analysts anticipate that Everi will post 0.31 EPS for the current year.

Large investors have recently bought and sold shares of the stock. FMR LLC bought a new stake in Everi in the 1st quarter valued at $29,000. Bank of Montreal Can increased its position in shares of Everi by 247.0% during the 1st quarter. Bank of Montreal Can now owns 3,241 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 2,307 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Everi by 170.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,545 shares of the credit services provider’s stock worth $37,000 after purchasing an additional 2,232 shares in the last quarter. Brinker Capital Inc. acquired a new stake in shares of Everi during the 4th quarter worth about $52,000. Finally, Advisor Group Inc. increased its position in shares of Everi by 86.8% during the 1st quarter. Advisor Group Inc. now owns 5,071 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 2,357 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

Everi Company Profile

Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.

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