Euronet Worldwide (NASDAQ:EEFT) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
Other analysts have also recently issued reports about the stock. Piper Jaffray Companies upped their target price on shares of Euronet Worldwide to $159.00 in a report on Tuesday, March 5th. DA Davidson upped their target price on shares of Euronet Worldwide to $165.00 and gave the company an “average” rating in a report on Friday, April 5th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Thursday, February 14th. SunTrust Banks upped their target price on shares of Euronet Worldwide to $145.00 and gave the company a “buy” rating in a report on Monday, February 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price (up from $135.00) on shares of Euronet Worldwide in a report on Monday, February 11th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $153.29.
Shares of EEFT stock opened at $162.98 on Tuesday. Euronet Worldwide has a 12 month low of $81.68 and a 12 month high of $163.61. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 1.28.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Monday, April 29th. The business services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.02. Euronet Worldwide had a net margin of 9.40% and a return on equity of 24.83%. The business had revenue of $577.50 million during the quarter, compared to analysts’ expectations of $602.73 million. During the same period in the prior year, the company earned $0.73 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. As a group, research analysts predict that Euronet Worldwide will post 6.7 earnings per share for the current year.
In other news, VP Jeffrey B. Newman sold 5,461 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $161.12, for a total value of $879,876.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Meridian Wealth Management LLC purchased a new stake in shares of Euronet Worldwide in the first quarter worth $43,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Euronet Worldwide in the first quarter worth $45,000. Premia Global Advisors LLC purchased a new stake in shares of Euronet Worldwide in the first quarter worth $55,000. Captrust Financial Advisors increased its stake in shares of Euronet Worldwide by 163.0% in the fourth quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock worth $68,000 after purchasing an additional 414 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Euronet Worldwide by 21.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
About Euronet Worldwide
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.
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