Everi (NYSE:EVRI) Stock Rating Upgraded by Zacks Investment Research

Everi (NYSE:EVRIGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, Zacks.com reports. The firm presently has a $18.00 target price on the credit services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 6.57% from the company’s previous close.

According to Zacks, “Everi Holdings Inc. is a holding company which operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company’s segments include Games and Payments. Global Cash Access, Inc. provides integrated gaming payments solutions, video and mechanical reel gaming content and technology solutions, as well as compliance and software. Multimedia Games Holding Company, Inc., designs, manufactures and supplies gaming machines and systems. Everi Holdings Inc., formerly known as Global Cash Access Holdings, Inc., is headquartered in Las Vegas, United States. “

Several other research firms also recently commented on EVRI. Roth Capital initiated coverage on shares of Everi in a research note on Tuesday, April 5th. They set a “buy” rating on the stock. TheStreet upgraded shares of Everi from a “c” rating to a “b” rating in a report on Friday, April 1st. Finally, StockNews.com upgraded shares of Everi from a “buy” rating to a “strong-buy” rating in a report on Friday, May 6th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $29.40.

EVRI stock opened at $16.89 on Thursday. The company has a market capitalization of $1.55 billion, a PE ratio of 10.43 and a beta of 2.61. Everi has a one year low of $15.05 and a one year high of $26.61. The company’s 50 day moving average price is $19.62 and its two-hundred day moving average price is $20.98. The company has a debt-to-equity ratio of 5.59, a quick ratio of 1.11 and a current ratio of 1.17.

Everi (NYSE:EVRIGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The credit services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $175.60 million for the quarter, compared to the consensus estimate of $169.38 million. Everi had a net margin of 23.52% and a return on equity of 125.58%. The business’s revenue was up 26.2% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. On average, research analysts predict that Everi will post 1.34 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in Everi by 75.6% in the first quarter. Renaissance Technologies LLC now owns 273,000 shares of the credit services provider’s stock valued at $5,733,000 after acquiring an additional 117,500 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Everi by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 791,983 shares of the credit services provider’s stock valued at $16,632,000 after acquiring an additional 39,033 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Everi by 7,296.6% in the first quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider’s stock valued at $91,000 after acquiring an additional 4,305 shares in the last quarter. Quantedge Capital Pte Ltd bought a new stake in Everi in the first quarter valued at $445,000. Finally, Clearbridge Investments LLC boosted its holdings in Everi by 0.9% in the first quarter. Clearbridge Investments LLC now owns 624,515 shares of the credit services provider’s stock valued at $13,115,000 after acquiring an additional 5,410 shares in the last quarter. Institutional investors and hedge funds own 88.40% of the company’s stock.

Everi Company Profile (Get Rating)

Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

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