EVO Payments (EVOP) Sets New 1-Year High at $23.76

EVO Payments Inc (NASDAQ:EVOP) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $23.76 and last traded at $22.93, with a volume of 3028 shares changing hands. The stock had previously closed at $22.84.

Several research firms have commented on EVOP. Citigroup began coverage on shares of EVO Payments in a report on Monday, June 18th. They set a “neutral” rating and a $23.00 price objective for the company. SunTrust Banks began coverage on shares of EVO Payments in a report on Monday, June 18th. They set a “buy” rating and a $27.00 price objective for the company. Cowen began coverage on shares of EVO Payments in a report on Monday, June 18th. They set a “market perform” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of EVO Payments in a report on Monday, June 18th. They set an “overweight” rating and a $27.00 price objective for the company. Finally, William Blair began coverage on shares of EVO Payments in a report on Monday, June 18th. They set an “outperform” rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. EVO Payments has an average rating of “Hold” and an average price target of $23.86.

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The company has a debt-to-equity ratio of -4.29, a current ratio of 1.02 and a quick ratio of 1.01.

In related news, Director Gregory S. Pope acquired 50,000 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was acquired at an average price of $16.00 per share, with a total value of $800,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

EVO Payments Company Profile

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 525,000 merchants. The company processes approximately 900 million transactions in North America and approximately 1.7 billion transactions in Europe. Its payment and commerce solutions consist of gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, security tokenization, and encryption solutions at the point-of-sale and online; dynamic currency conversion; loyalty offers; and other ancillary solutions.

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