Everi (EVRI) Earns Buy Rating from Analysts at SunTrust Banks

SunTrust Banks began coverage on shares of Everi (NYSE:EVRI) in a research note issued to investors on Monday, Marketbeat reports. The firm issued a buy rating and a $9.00 price objective on the credit services provider’s stock.

A number of other research analysts have also commented on the company. ValuEngine lowered Everi from a buy rating to a hold rating in a report on Tuesday, November 20th. Raymond James began coverage on shares of Everi in a research note on Friday, November 30th. They set a strong-buy rating and a $11.00 price objective for the company. Finally, Zacks Investment Research upgraded Everi from a hold rating to a buy rating and set a $5.50 price objective for the company in a research report on Tuesday, January 1st. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $9.46.

Shares of EVRI opened at $7.37 on Monday. The company has a market capitalization of $516.63 million, a PE ratio of -23.77, a P/E/G ratio of 4.82 and a beta of 1.74. Everi has a 52 week low of $4.76 and a 52 week high of $9.82.

Large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC purchased a new stake in Everi in the 4th quarter valued at $60,000. Cowen Prime Services LLC acquired a new stake in shares of Everi during the third quarter valued at approximately $115,000. WINTON GROUP Ltd boosted its stake in shares of Everi by 41.1% in the 4th quarter. WINTON GROUP Ltd now owns 15,093 shares of the credit services provider’s stock valued at $78,000 after purchasing an additional 4,400 shares during the last quarter. BOKF NA raised its stake in Everi by 50.7% in the fourth quarter. BOKF NA now owns 16,121 shares of the credit services provider’s stock valued at $83,000 after purchasing an additional 5,421 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Everi during the 3rd quarter worth $209,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

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 Payments. 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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Analyst Recommendations for Everi (NYSE:EVRI)

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