In a report released today, Ashwin Shirvaikar from Citigroup maintained a Hold rating on Evo Payments Inc (NASDAQ: EVOP), with a price target of $22. The company’s shares closed yesterday at $20.17.
According to TipRanks.com, Shirvaikar is a 5-star analyst with an average return of 16.8% and a 75.0% success rate. Shirvaikar covers the Technology sector, focusing on stocks such as Global Payments Inc, Paypal Holdings, and First Data Corp.
Evo Payments Inc has an analyst consensus of Moderate Buy, with a price target consensus of $23.71.
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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.
