Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Rating of “Moderate Buy” from Analysts

Euronet Worldwide, Inc. (NASDAQ:EEFTGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $116.38.

Several research analysts have issued reports on the stock. Stephens upgraded shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Thursday, February 1st. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Monness Crespi & Hardt assumed coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price objective on the stock. Needham & Company LLC lifted their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Evercore ISI lifted their price objective on shares of Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th.

View Our Latest Research Report on Euronet Worldwide

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors have recently added to or reduced their stakes in EEFT. Virtu Financial LLC purchased a new stake in shares of Euronet Worldwide in the fourth quarter worth about $388,000. Price T Rowe Associates Inc. MD grew its position in Euronet Worldwide by 10.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 446,320 shares of the business services provider’s stock valued at $45,299,000 after acquiring an additional 41,585 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Euronet Worldwide by 2.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 20,490 shares of the business services provider’s stock valued at $2,080,000 after acquiring an additional 539 shares during the last quarter. GTS Securities LLC grew its position in Euronet Worldwide by 136.8% during the fourth quarter. GTS Securities LLC now owns 5,920 shares of the business services provider’s stock valued at $601,000 after acquiring an additional 3,420 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Euronet Worldwide by 0.6% during the fourth quarter. Legal & General Group Plc now owns 74,151 shares of the business services provider’s stock valued at $7,526,000 after acquiring an additional 428 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Down 1.3 %

EEFT opened at $107.29 on Wednesday. The company’s 50 day moving average is $106.92 and its 200-day moving average is $94.38. Euronet Worldwide has a 1-year low of $73.84 and a 1-year high of $121.55. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.37. The company has a market cap of $4.91 billion, a P/E ratio of 19.44 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. The business had revenue of $957.70 million during the quarter, compared to analyst estimates of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. Equities research analysts predict that Euronet Worldwide will post 7.51 earnings per share for the current fiscal year.

Euronet Worldwide Company Profile

(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 and prepaid card outsourcing, card issuing, and merchant acquiring services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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