Everi Holdings Inc. (NYSE:EVRI) Given Average Recommendation of “Buy” by Brokerages

Shares of Everi Holdings Inc. (NYSE:EVRIGet Rating) have received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $28.75.

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Everi from a “strong-buy” rating to a “buy” rating in a report on Friday, November 11th. Stifel Nicolaus cut their target price on shares of Everi from $30.00 to $24.00 in a research report on Monday, August 1st. Finally, Raymond James increased their price target on Everi from $23.00 to $26.00 and gave the company a “strong-buy” rating in a report on Thursday, August 4th.

Everi Stock Down 1.1 %

EVRI stock opened at $16.83 on Tuesday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 9.25 and a beta of 2.41. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.22 and a quick ratio of 1.10. Everi has a 1-year low of $15.05 and a 1-year high of $24.23. The business has a fifty day moving average price of $17.48 and a 200-day moving average price of $17.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Everi by 3.9% during the third quarter. BlackRock Inc. now owns 6,105,613 shares of the credit services provider’s stock valued at $99,034,000 after purchasing an additional 231,099 shares during the period. Thrivent Financial for Lutherans raised its stake in Everi by 5.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,472,345 shares of the credit services provider’s stock worth $88,762,000 after acquiring an additional 291,696 shares during the period. FMR LLC lifted its holdings in Everi by 0.8% during the second quarter. FMR LLC now owns 4,138,783 shares of the credit services provider’s stock valued at $67,503,000 after purchasing an additional 34,569 shares in the last quarter. Emerald Advisers LLC boosted its position in shares of Everi by 6.1% in the third quarter. Emerald Advisers LLC now owns 2,048,434 shares of the credit services provider’s stock worth $33,226,000 after purchasing an additional 117,094 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Everi by 12.4% in the first quarter. Invesco Ltd. now owns 2,000,823 shares of the credit services provider’s stock worth $42,018,000 after purchasing an additional 220,937 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

About Everi

(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.

Further Reading

Receive News & Ratings for Everi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi and related companies with MarketBeat.com's FREE daily email newsletter.