Evertec Inc (EVTC) Stock AnalysisEVTCEvertec Inc

EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions. It operates in the Industrials sector (SERVICES-COMPUTER PROCESSING & DATA PREPARATION industry).

Evertec Inc is a good buy right now due to its current price of $29.64 being below the average analyst price target of $34, indicating a potential upside of approximately 14.5%. Additionally, the company has shown strong revenue growth, with Q2 revenue at $274.8 million, exceeding expectations by 4.3%, and a significant year-over-year growth of 19.7%. However, the main risk is the high RSI of 75.225, suggesting the stock may be overbought in the short term.

7 analysts cover EVTC: 2 rate it Buy, 5 Hold and 0 Sell. The average price target is 32.75.