Stifel Nicolaus Analysts Give Everi (NYSE:EVRI) a $15.00 Price Target

Stifel Nicolaus set a $15.00 price objective on Everi (NYSE:EVRI) in a research report released on Wednesday, May 8th, TipRanks reports. The firm currently has a buy rating on the credit services provider’s stock.

EVRI has been the subject of a number of other research reports. SunTrust Banks started coverage on Everi in a research note on Monday, February 11th. They set a buy rating and a $9.00 price objective for the company. ValuEngine upgraded Everi from a hold rating to a buy rating in a research note on Friday, January 11th. Finally, Zacks Investment Research upgraded Everi from a hold rating to a buy rating and set a $6.25 price objective for the company in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Everi currently has an average rating of Buy and a consensus price target of $10.90.

NYSE EVRI opened at $11.14 on Wednesday. Everi has a fifty-two week low of $4.76 and a fifty-two week high of $12.24. The company has a market capitalization of $792.17 million, a price-to-earnings ratio of 111.40, a price-to-earnings-growth ratio of 1.78 and a beta of 1.83.

Everi (NYSE:EVRI) last released its earnings results on Tuesday, May 7th. The credit services provider reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. The company had revenue of $123.78 million during the quarter, compared to analysts’ expectations of $120.92 million. Everi had a negative return on equity of 7.83% and a net margin of 2.82%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. As a group, sell-side analysts forecast that Everi will post 0.31 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. increased its holdings in shares of Everi by 83.5% in the 1st quarter. Marshall Wace North America L.P. now owns 146,513 shares of the credit services provider’s stock worth $1,541,000 after purchasing an additional 66,683 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Everi by 109.7% in the 1st quarter. Marshall Wace LLP now owns 833,806 shares of the credit services provider’s stock worth $8,772,000 after purchasing an additional 436,199 shares in the last quarter. FMR LLC bought a new stake in shares of Everi in the 1st quarter worth $29,000. HighTower Advisors LLC bought a new stake in shares of Everi in the 1st quarter worth $193,000. Finally, Morgan Stanley increased its holdings in shares of Everi by 154.4% in the 1st quarter. Morgan Stanley now owns 848,107 shares of the credit services provider’s stock worth $8,922,000 after purchasing an additional 514,721 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Everi Company Profile

Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.

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