Somewhat Positive News Coverage Somewhat Unlikely to Affect Evertec (EVTC) Stock Price

Press coverage about Evertec (NYSE:EVTC) has trended somewhat positive on Wednesday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Evertec earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.2875725283224 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

Evertec (NYSE EVTC) traded down 3.75% during trading on Wednesday, hitting $15.40. 1,830,727 shares of the company were exchanged. The firm’s 50 day moving average price is $17.52 and its 200-day moving average price is $17.01. Evertec has a 1-year low of $14.15 and a 1-year high of $19.52. The stock has a market capitalization of $1.11 billion, a PE ratio of 14.41 and a beta of 1.20.

Evertec (NYSE:EVTC) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Evertec had a net margin of 19.64% and a return on equity of 107.21%. The company had revenue of $103.51 million for the quarter, compared to the consensus estimate of $100.21 million. During the same quarter in the prior year, the company earned $0.43 EPS. Evertec’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts predict that Evertec will post $1.63 EPS for the current year.

A number of research firms recently issued reports on EVTC. ValuEngine raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, October 3rd. BidaskClub downgraded shares of Evertec from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Finally, Stifel Nicolaus raised shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.50.

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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.

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