Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Average Recommendation of “Buy” by Analysts

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is $120.75.

A number of equities research analysts have recently weighed in on EEFT shares. Citigroup upgraded Euronet Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $116.00 to $120.00 in a research note on Monday, April 22nd. DA Davidson reissued a “buy” rating and issued a $126.00 price target on shares of Euronet Worldwide in a report on Monday, April 15th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Needham & Company LLC boosted their price target on Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Evercore ISI boosted their price target on Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th.

Euronet Worldwide Stock Up 0.2 %

NASDAQ:EEFT opened at $103.83 on Friday. Euronet Worldwide has a twelve month low of $73.84 and a twelve month high of $121.55. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 18.81 and a beta of 1.39. The stock has a fifty day simple moving average of $107.51 and a 200-day simple moving average of $97.39. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The firm had revenue of $957.70 million during the quarter, compared to the consensus estimate of $844.59 million. During the same period in the previous year, the company posted $1.12 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts anticipate that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Trading of Euronet Worldwide

Several large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in shares of Euronet Worldwide by 189.9% during the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC increased its holdings in shares of Euronet Worldwide by 101.8% in the third 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 last quarter. GAMMA Investing LLC acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC increased its holdings in shares of Euronet Worldwide by 242.7% in the fourth 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 last quarter. Finally, CWM LLC increased its holdings in shares of Euronet Worldwide by 92.2% in the third quarter. CWM LLC now owns 644 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

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.