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Raymond James Stick to Their Buy Rating for Evertec

Published 08/04/2021, 08:27 AM
Updated 08/04/2021, 08:27 AM


Raymond James analyst John Davis maintained a Buy rating on Evertec (NYSE:EVTC) on Wednesday, setting a price target of $51, which is approximately 19.94% above the present share price of $42.52.

Davis expects Evertec to post earnings per share (EPS) of $0.49 for the third quarter of 2021.

The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Evertec, with an average price target of $43.5.
The analysts price targets range from a high of $51 to a low of $36.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $139.53 million and a net profit of $45 million. The company's market cap is $3.07 billion.

According to TipRanks.com, Raymond James analyst John Davis is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 15.6% and a 65.43% success rate.

EVERTEC, Inc. engages in the provision of transaction services. It operates through the following segments: Payment Services-Puerto Rico and Caribbean, Payment Services-Latin America, Merchant Acquiring, and Business Solutions. The Payment Services segment involves in the authorization, processing, management and recording of automated teller machines (ATM) and point of sales transactions, and ATM management and monitoring. The Merchant Acquiring segment offers services to merchants of all sizes, enabling them to accept all types of electronic payments. The Business Solutions segment comprises bank processing, network hosting and management, information technology professional services, business process outsourcing, item processing, cash processing, and fulfillment. EVERTEC was founded on April 1, 2004 and is headquartered in San Juan, Puerto Rico.

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