Euronet Worldwide (NASDAQ: EEFT) stock rating improved by Zacks Investment Research
Euronet in the world (NASDAQ: EEFT) has been improved by Zacks investment research from a “sale” note to a “keep” note in a report published on Wednesday, Zacks.com reports. The brokerage currently has a target price of $ 143.00 on shares of the business service provider. Zacks investment researchThe price target for s indicates a potential rise of 4.92% from the current share price.
According to Zacks, “Euronet’s strong position is supported by constant expansions through acquisitions. Several initiatives, such as the ATM network participation agreements, prepare the company well for growth. The increase in digital transactions has supported growth. While the money transfer segment has benefited from both physical and digital distribution channels, the epay segment has benefited from the strategy of developing digital channels, but its stocks have underperformed its industry over the past year. and faced escalating operating expenses, which weighed on margins. Its spending is expected to remain high in the coming days as the company continues to invest in technology and other growth initiatives. Its low level of solvency remains a misfortune.
EEFT has been the subject of several other reports. Wells Fargo & Company raised its price target on Euronet Worldwide from $ 165.00 to $ 180.00 and assigned the stock an “overweight” rating in a research report published on Wednesday March 17th. Needham & Company LLC reissued a “buy” note and set a price target of $ 180.00 on Euronet Worldwide shares in a report released Wednesday. DA Davidson increased its price target on Euronet Worldwide from $ 166.00 to $ 180.00 and gave the company a “buy” rating in a report released on Wednesday, March 17. Finally, TheStreet downgraded Euronet Worldwide from a “b-” rating to a “c +” rating in a report released Thursday April 1. Two research analysts rated the stock with a conservation rating and seven gave the stock a buy rating. The stock currently has a consensus rating of “Buy” and a consensus target price of $ 157.27.
NASDAQ: EEFT traded up $ 0.24 during trading hours on Wednesday, reaching $ 136.30. 4,715 shares of the company were traded in the hands, compared to its average volume of 303,797. The stock has a market cap of $ 7.20 billion, a price / earnings ratio of -504.80 and a beta of 1.66. Euronet Worldwide has a twelve month low of $ 86.06 and a twelve month high of $ 167.71. The company has a leverage ratio of 0.81, a quick ratio of 1.76, and a current ratio of 1.76. The stock has a fifty-day moving average price of $ 146.07.
Euronet Worldwide (NASDAQ: EEFT) last published its results on Thursday, April 29. The business services provider reported earnings per share of $ 0.23 for the quarter, missing the consensus estimate of $ 0.41 of ($ 0.18). Euronet Worldwide posted a positive return on equity of 8.39% and a negative net margin of 0.55%. The company posted revenue of $ 652.70 million in the quarter, compared to analysts’ estimates of $ 614.78 million. As a group, research analysts predict Euronet Worldwide will post 4.03 EPS for the current year.
In related news, director Jeannine Strandjord bought 1,166 shares of the company in a transaction that took place on Tuesday, June 15. The stock was purchased at an average price of $ 146.50 per share, for a total transaction of $ 170,819.00. As a result of the transaction, the director now directly owns 48,000 shares of the company, valued at $ 7,032,000. The purchase was disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via this hyperlink. 6.20% of the shares are held by insiders of the company.
Several institutional investors have recently bought and sold shares of EEFT. Ameritas Investment Company LLC purchased a new position in Euronet Worldwide shares during the 1st quarter valued at approximately $ 31,000. Whittier Trust Co. acquired a new stake in Euronet Worldwide during the 1st quarter for a value of $ 41,000. Harvest Fund Management Co. Ltd acquired a new stake in Euronet Worldwide during the 1st quarter for a value of $ 52,000. Quantbot Technologies LP acquired a new stake in Euronet Worldwide during the 1st quarter for a value of $ 52,000. Finally, TD Ameritrade Investment Management LLC acquired a new stake in Euronet Worldwide during the 4th quarter for a value of $ 60,000. Institutional investors and hedge funds hold 91.78% of the company’s shares.
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.
Recommended Story: How to Execute an Ex-Dividend Business Strategy?
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What is the price-to-sale ratio?
7 semiconductor stocks poised to benefit from chip shortage
Who knew that something so small could create such a big problem? However, this is the case with the semiconductor industry. Chipmakers face supply chain disruptions due to the Covid-19 pandemic.
Semiconductors are in great demand among large tech companies who need chips to power their data center servers. But they are also needed for much of the technology we take for granted, including laptops, tablets, cellphones, game consoles, and automobiles – a sector that appears to be the source of the crisis. current.
Any weekend mechanic knows that even traditional internal combustion cars rely heavily on electronics. In fact, electronic parts and components make up 40% of a new internal combustion vehicle. This has more than doubled since 2000.
However, it turns out that some manufacturers may have overestimated how long consumers would be ready for an “all-electric” future. And that meant they hadn’t anticipated the scale of demand for the kind of chips needed to perform the mundane but vital tasks of steering, braking, and even turning on and lowering windows.
Part of the problem is that American companies rely heavily on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.
Of course, this creates a tremendous opportunity for the companies that make these chips. And it comes at the right time. The semiconductor industry is notoriously cyclical and was coming back down from high demand for building 5G.
In this special talk, we’ll give you a list of seven semiconductor companies you can invest in to take advantage of this opportunity.
Check out “7 Semiconductor Stocks Ready to Take Advantage of Chip Shortage.”