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

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFTGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $109.33.

A number of research analysts have issued reports on the stock. Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a report on Thursday, February 1st. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Truist Financial boosted their target price on shares of Euronet Worldwide from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Needham & Company LLC lifted their price target on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 7th.

View Our Latest Analysis on EEFT

Euronet Worldwide Stock Up 3.3 %

Shares of NASDAQ EEFT opened at $107.36 on Tuesday. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 19.45 and a beta of 1.40. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. Euronet Worldwide has a 52-week low of $73.84 and a 52-week high of $121.55. The business’s 50 day moving average is $99.06 and its two-hundred day moving average is $88.43.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS 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 for the quarter, compared to analyst estimates of $844.59 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. Euronet Worldwide’s revenue for the quarter was up 10.6% compared to the same quarter last year. Research analysts predict that Euronet Worldwide will post 7.45 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EEFT. Allspring Global Investments Holdings LLC raised its stake in shares of Euronet Worldwide by 17.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock valued at $294,500,000 after acquiring an additional 548,457 shares during the last quarter. Norges Bank acquired a new position in Euronet Worldwide in the fourth quarter valued at about $54,947,000. Burgundy Asset Management Ltd. acquired a new stake in shares of Euronet Worldwide during the third quarter worth about $35,309,000. Wasatch Advisors Inc. raised its position in shares of Euronet Worldwide by 18.5% during the first quarter. Wasatch Advisors Inc. now owns 2,764,637 shares of the business services provider’s stock worth $359,818,000 after purchasing an additional 431,262 shares during the period. Finally, Van Berkom & Associates Inc. raised its position in shares of Euronet Worldwide by 48.6% during the third quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock worth $84,912,000 after purchasing an additional 349,720 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

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 card outsourcing, card issuing, and merchant acquiring services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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