September 16, 2013 11:24 AM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In a report published Monday, Bank of America analyst Sara Gubins initiated coverage on
Evertec (NYSE: EVTC) with a Buy rating and $25.00 price target.In the report, Bank of America noted, “Evertec offers payment processing, merchant acquiring, and outsourcing solutions in the Caribbean and Latin America. We rate EVTC a Buy given the company's market-leading position in Puerto Rico, growth opportunities in Latin America, and prospective margin expansion. From 2012-2015E, we forecast revenue and adjusted EPS to grow at 7% and 19% CAGRs, respectively. We base our $25 price objective on 14x our 2014E adjusted EPS of $1.72. Our target multiple is a slight premium to processing peers, which trade at an average 13x consensus 2014E, due to the faster near-term EPS growth we forecast for EVTC.”Evertec closed on Friday at $23.11.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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