Euronet Worldwide Downgraded by Avondale Partners to Market Perform (EEFT)
Euronet Worldwide (NASDAQ:EEFT) was downgraded by investment analysts at Avondale Partners from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
Shares of Euronet Worldwide (NASDAQ:EEFT) traded up 0.21% during mid-day trading on Friday, hitting $47.65. 110,426 shares of the company’s stock traded hands. Euronet Worldwide has a 52 week low of $22.94 and a 52 week high of $50.00. The stock’s 50-day moving average is $47.54 and its 200-day moving average is $39.87. The company has a market cap of $2.395 billion and a price-to-earnings ratio of 37.68.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.02. The company had revenue of $360.60 million for the quarter, compared to the consensus estimate of $353.10 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Euronet Worldwide from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $52.30 price target on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Euronet Worldwide in a research note to investors on Monday, November 18th. They now have a $56.00 price target on the stock, up previously from $47.00. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.43.
Euronet Worldwide, Inc (NASDAQ:EEFT) is a global electronic payments provider.
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