Raymond James Trims Everi (NYSE:EVRI) Target Price to $30.00

Everi (NYSE:EVRI) had its price objective lowered by Raymond James from $33.00 to $30.00 in a research report report published on Tuesday morning, Analyst Price Targets reports. The brokerage currently has a strong-buy rating on the credit services provider’s stock.

Separately, Zacks Investment Research cut Everi from a hold rating to a sell rating in a report on Wednesday, October 6th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $26.63.

NYSE:EVRI opened at $20.37 on Tuesday. Everi has a one year low of $12.32 and a one year high of $26.61. The company has a debt-to-equity ratio of 13.42, a quick ratio of 1.01 and a current ratio of 1.09. The stock has a market cap of $1.85 billion, a PE ratio of 31.34 and a beta of 2.76. The stock has a 50 day moving average price of $21.43 and a 200 day moving average price of $22.70.

Everi (NYSE:EVRI) last posted its quarterly earnings results on Wednesday, November 3rd. The credit services provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). Everi had a net margin of 10.78% and a return on equity of 262.45%. The company had revenue of $168.10 million during the quarter, compared to analyst estimates of $161.46 million. During the same period in the prior year, the business posted ($0.01) EPS. Everi’s revenue for the quarter was up 50.0% compared to the same quarter last year. As a group, analysts predict that Everi will post 1.27 earnings per share for the current fiscal year.

In other Everi news, Director Geoffrey P. Judge sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 26th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in shares of Everi by 6.9% during the third quarter. Capital Research Global Investors now owns 8,495,345 shares of the credit services provider’s stock worth $205,417,000 after buying an additional 551,886 shares during the period. Vanguard Group Inc. boosted its position in shares of Everi by 18.2% during the second quarter. Vanguard Group Inc. now owns 5,284,783 shares of the credit services provider’s stock worth $131,802,000 after buying an additional 813,404 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Everi by 1.6% during the third quarter. Thrivent Financial for Lutherans now owns 4,423,007 shares of the credit services provider’s stock worth $106,948,000 after buying an additional 68,244 shares during the period. Invesco Ltd. boosted its position in shares of Everi by 586.4% during the second quarter. Invesco Ltd. now owns 2,703,211 shares of the credit services provider’s stock worth $67,418,000 after buying an additional 2,309,363 shares during the period. Finally, Emerald Advisers LLC boosted its position in shares of Everi by 3.1% during the third quarter. Emerald Advisers LLC now owns 1,917,365 shares of the credit services provider’s stock worth $46,362,000 after buying an additional 57,436 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.

About Everi

Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive and gaming industry. It operates through the following segments: Games and FinTech. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions and ancillary products and services.

Featured Article: Is it better to buy a fund with a higher or lower NAV?

Analyst Recommendations for Everi (NYSE:EVRI)

Receive News & Ratings for Everi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi and related companies with MarketBeat.com's FREE daily email newsletter.