Evertec Inc (NYSE:EVTC)’s share price dropped 0.9% during mid-day trading on Friday . The stock traded as low as $15.10 and last traded at $14.97. Approximately 660,363 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 920,145 shares. The stock had previously closed at $15.10.
EVTC has been the topic of several analyst reports. Cowen reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Evertec in a research report on Thursday, October 12th. Zacks Investment Research cut Evertec from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Morgan Stanley lowered their price objective on Evertec from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 19th. TheStreet cut Evertec from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Finally, BidaskClub cut Evertec from a “sell” rating to a “strong sell” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.67.
The firm has a market cap of $1,158.24, a PE ratio of 9.70, a PEG ratio of 2.38 and a beta of 1.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.08.
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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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