Brokerages Set Everi Holdings Inc (NYSE:EVRI) PT at $11.95

Everi Holdings Inc (NYSE:EVRI) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.50.

Several equities analysts have commented on the stock. Raymond James set a $14.00 target price on shares of Everi and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded shares of Everi from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Everi from a “buy” rating to a “hold” rating in a research report on Friday. Macquarie assumed coverage on shares of Everi in a research report on Thursday, September 26th. They set an “outperform” rating and a $12.00 target price on the stock. Finally, TheStreet downgraded shares of Everi from a “c” rating to a “d+” rating in a research report on Monday, August 26th.

Hedge funds have recently added to or reduced their stakes in the business. NEXT Financial Group Inc boosted its holdings in Everi by 1,850.5% during the second quarter. NEXT Financial Group Inc now owns 6,066 shares of the credit services provider’s stock valued at $73,000 after acquiring an additional 5,755 shares during the period. Acadian Asset Management LLC boosted its holdings in Everi by 347.4% during the second quarter. Acadian Asset Management LLC now owns 368,892 shares of the credit services provider’s stock valued at $4,401,000 after acquiring an additional 286,435 shares during the period. Equitable Trust Co. boosted its holdings in Everi by 3.4% during the second quarter. Equitable Trust Co. now owns 155,725 shares of the credit services provider’s stock valued at $1,858,000 after acquiring an additional 5,050 shares during the period. Wells Fargo & Company MN boosted its holdings in Everi by 27.1% during the second quarter. Wells Fargo & Company MN now owns 278,503 shares of the credit services provider’s stock valued at $3,323,000 after acquiring an additional 59,352 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Everi by 38.2% during the second quarter. Canada Pension Plan Investment Board now owns 495,100 shares of the credit services provider’s stock valued at $5,907,000 after acquiring an additional 136,900 shares during the period. Institutional investors own 96.21% of the company’s stock.

Everi stock traded down $0.07 during mid-day trading on Thursday, hitting $8.94. 522,114 shares of the company’s stock were exchanged, compared to its average volume of 588,563. The stock has a market cap of $650.99 million, a P/E ratio of 89.40, a P/E/G ratio of 1.55 and a beta of 1.60. Everi has a 1-year low of $4.76 and a 1-year high of $12.56. The stock has a 50 day moving average of $8.76 and a two-hundred day moving average of $10.38.

Everi (NYSE:EVRI) last posted its earnings results on Tuesday, August 6th. The credit services provider reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The firm had revenue of $129.70 million for the quarter, compared to the consensus estimate of $127.90 million. Everi had a net margin of 3.57% and a negative return on equity of 10.47%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. Analysts expect that Everi will post 0.29 EPS for the current fiscal year.

About Everi

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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