In a report released yesterday, Andrew Jeffrey from SunTrust Robinson reiterated a Buy rating on Evo Payments Inc (NASDAQ: EVOP), with a price target of $24. The company’s shares opened today at $20.47.
According to TipRanks.com, Jeffrey is a 5-star analyst with an average return of 14.5% and a 75.5% success rate. Jeffrey covers the Technology sector, focusing on stocks such as Global Payments Inc, Paypal Holdings, and First Data Corp.
Currently, the analyst consensus on Evo Payments Inc is a Moderate Buy with an average price target of $23.29.
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Based on Evo Payments Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $16.71 million. In comparison, last year the company had a GAAP net loss of $9.47 million.
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EVO Payments, Inc. is a holding company, which engages in the acquisition of merchant business. It operates through the North America, and Europe segments. The North America segment comprises the geographical markets of the United States, Canada, and Mexico. The Europe segment focuses on markets of Western Europe, and Eastern Europe.
