Cowen & Co. Reaffirms Their Hold Rating on Evertec

By Austin Angelo

Cowen & Co. analyst Georgios Mihalos reiterated a Hold rating on Evertec (NYSE: EVTC) yesterday and set a price target of $20. The company’s shares closed yesterday at $15.40.

According to TipRanks.com, Mihalos is a 5-star analyst with an average return of 17.2% and a 84.7% success rate. Mihalos covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions Llc, Automatic Data Processing, and Fidelity National Info.

Currently, the analyst consensus on Evertec is Moderate Buy and the average price target is $19, representing a 23.4% upside.

In a report issued on September 26, Stifel Nicolaus also reiterated a Hold rating on the stock with a $18 price target.

The company has a one-year high of $19.53 and a one-year low of $14.15. Currently, Evertec has an average volume of 535.7K.

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EVERTEC, Inc. engages in the provision of transaction services. The firm deals with payment processing, merchant acquiring, and business process management. It operates its business through the following segments: Merchant Acquiring, net; Payment Processing; and Business Solutions.