Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFTGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $116.38.

A number of brokerages recently commented on EEFT. Monness Crespi & Hardt began coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price objective on the stock. Needham & Company LLC raised their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Evercore ISI lifted their price target on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Stephens upgraded shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a research note on Thursday, February 1st.

Get Our Latest Stock Report on EEFT

Euronet Worldwide Trading Down 1.3 %

Shares of NASDAQ EEFT opened at $107.29 on Wednesday. The company’s fifty day moving average is $106.92 and its 200-day moving average is $94.38. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 19.44 and a beta of 1.39. Euronet Worldwide has a twelve month low of $73.84 and a twelve month high of $121.55. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The company had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. Equities research analysts predict that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EEFT. Belpointe Asset Management LLC boosted its holdings in shares of Euronet Worldwide by 236.9% during the 1st quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock worth $25,000 after buying an additional 154 shares during the period. Signaturefd LLC boosted its holdings in Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 169 shares during the period. VisionPoint Advisory Group LLC boosted its holdings in Euronet Worldwide by 101.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC bought a new stake in Euronet Worldwide in the 4th quarter valued at about $30,000. Finally, Quadrant Capital Group LLC boosted its holdings in Euronet Worldwide by 242.7% in the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

About Euronet Worldwide

(Get Free Report

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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