Euronet Worldwide, Inc. (NASDAQ: EEFT) Receives Average ‘Buy’ Rating From Brokerage Firms
Shares of Euronet Worldwide, Inc. (NASDAQ: EEFT) have received a consensus rating of “Buy” by the twelve rating companies that cover the stock, reports MarketBeat Ratings. Two investment analysts gave the stock a conservation rating and six gave the company a buy rating. The twelve-month average price target among brokerage firms that hedged the stock in the past year is $ 157.27.
A number of brokerage firms have recently commented on the EEFT. Zacks investment research upgraded Euronet Worldwide’s shares from a “sell” rating to a “keep” rating and set a price target of $ 143.00 on the stock in a report released on Wednesday, June 30. TheStreet downgraded Euronet Worldwide’s shares from a “b-” rating to a “c +” rating in a report released Thursday April 1. Needham & Company LLC reiterated a “buy” note and set a price target of $ 180.00 on Euronet Worldwide shares in a report released on Wednesday, June 30. DA Davidson raised his target price on Euronet Worldwide shares from $ 166.00 to $ 180.00 and assigned a “buy” rating to the stock in a report released on Wednesday, March 17. Finally, Wells Fargo & Company raised its price target on Euronet Worldwide shares from $ 165.00 to $ 180.00 and assigned the stock an “overweight” rating in a Wednesday March 17th research note. .
Actions of Euronet World shares open for $ 138.41 Thursday. Euronet Worldwide has a fifty-two week low of $ 86.06 and a fifty-two week high of $ 167.71. The company has a leverage ratio of 0.81, a current ratio of 1.76, and a quick ratio of 1.76. The company has a market cap of $ 7.31 billion, a price-to-earnings ratio of -512.61 and a beta of 1.64. The company has a 50-day moving average of $ 144.72.
Euronet Worldwide (NASDAQ: EEFT) last published its quarterly results on Thursday, April 29. The business services provider reported EPS of $ 0.23 for the quarter, missing analyst consensus estimates of $ 0.41 from ($ 0.18). The company posted revenue of $ 652.70 million for the quarter, compared to analysts’ estimates of $ 614.78 million. Euronet Worldwide recorded a positive return on equity of 8.39% and a negative net margin of 0.55%. Research analysts expect Euronet Worldwide to post earnings per share of 4.03 for the current year.
In addition, director Jeannine Strandjord bought 1,166 shares of the company in a transaction on Tuesday, June 15. The stock was purchased at an average cost of $ 146.50 per share, for a total value of $ 170,819.00. Following the purchase, the director now owns 48,000 shares of the company, valued at approximately $ 7,032,000. The acquisition has been disclosed in a legal file with the SEC, which can be accessed through the SEC website. Insiders own 6.20% of the shares of the company.
A number of institutional investors and hedge funds have recently bought and sold shares in the company. Blair William & Co. IL increased its stake in Euronet Worldwide by 1.3% in the first quarter. Blair William & Co. IL now owns 6,132 shares of the business services provider valued at $ 848,000 after purchasing 76 additional shares in the last quarter. Fifth Third Bancorp increased its position in Euronet Worldwide shares by 3.7% in the first quarter. Fifth Third Bancorp now owns 3,431 shares of the business service provider valued at $ 475,000 after acquiring 121 additional shares in the last quarter. Argent Capital Management LLC increased its position in Euronet Worldwide shares by 2.0% during the first quarter. Argent Capital Management LLC now owns 11,016 shares of the business service provider valued at $ 1,524,000 after acquiring an additional 219 shares in the last quarter. Ameritas Investment Company LLC purchased a new equity stake in Euronet Worldwide during the first quarter valued at approximately $ 31,000. Finally, Whittier Trust Co. purchased a new equity stake in Euronet Worldwide during the first quarter valued at approximately $ 41,000. 91.78% of the shares are held by hedge funds and other institutional investors.
Profile of Euronet in the world
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers and individual consumers worldwide. The Company’s Electronic Money Transfer Processing segment provides electronic payment solutions including ATM cash withdrawal and deposit services, ATM network participation, outsourced management solutions ATMs and point of sale (POS), credit and debit card outsourcing, issuance and merchant acquisition services.
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