Euronet Worldwide, Inc. (EEFT) Receives New Coverage from Analysts at Lake Street Capital
Research analysts at Lake Street Capital assumed coverage on shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $96.00 price target on the business services provider’s stock. Lake Street Capital’s target price points to a potential upside of 9.02% from the company’s current price.
A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Evercore ISI reiterated a “buy” rating on shares of Euronet Worldwide in a research note on Tuesday, March 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Euronet Worldwide currently has a consensus rating of “Buy” and a consensus target price of $96.75.
Shares of Euronet Worldwide (NASDAQ EEFT) opened at 88.06 on Monday. The stock has a 50 day moving average price of $85.86 and a 200 day moving average price of $80.61. The firm has a market capitalization of $4.62 billion, a P/E ratio of 27.45 and a beta of 1.25. Euronet Worldwide has a 12 month low of $65.33 and a 12 month high of $90.23.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. Euronet Worldwide had a net margin of 8.70% and a return on equity of 22.77%. The business had revenue of $473.40 million for the quarter, compared to analyst estimates of $464.08 million. On average, analysts expect that Euronet Worldwide will post $4.53 earnings per share for the current year.
In related news, CEO Juan Bianchi sold 18,126 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total value of $1,595,269.26. Following the transaction, the chief executive officer now owns 9,534 shares in the company, valued at approximately $839,087.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. William Blair Investment Management LLC bought a new position in shares of Euronet Worldwide during the first quarter worth approximately $71,781,000. Villere ST Denis J & Co. LLC raised its position in shares of Euronet Worldwide by 96.7% in the first quarter. Villere ST Denis J & Co. LLC now owns 911,973 shares of the business services provider’s stock worth $77,991,000 after buying an additional 448,300 shares during the period. Janus Capital Management LLC raised its position in shares of Euronet Worldwide by 15.3% in the first quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock worth $287,489,000 after buying an additional 445,746 shares during the period. Norges Bank bought a new position in shares of Euronet Worldwide during the fourth quarter worth approximately $28,977,000. Finally, Ameriprise Financial Inc. raised its position in shares of Euronet Worldwide by 67.2% in the first quarter. Ameriprise Financial Inc. now owns 617,953 shares of the business services provider’s stock worth $52,847,000 after buying an additional 248,256 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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