Euronet Worldwide (NASDAQ:EEFT) Receives Buy Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a report published on Monday morning, Benzinga reports. DA Davidson currently has a $126.00 price objective on the business services provider’s stock.

EEFT has been the topic of a number of other research reports. StockNews.com raised Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, February 15th. Monness Crespi & Hardt began coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They set a buy rating and a $140.00 price objective on the stock. Evercore ISI increased their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. Stephens raised Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 price target on the stock in a research note on Thursday, February 1st. Finally, Needham & Company LLC raised their price target on Euronet Worldwide from $115.00 to $120.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $117.38.

Euronet Worldwide Trading Down 2.3 %

Shares of EEFT stock opened at $101.76 on Monday. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $121.55. The stock has a market cap of $4.67 billion, a P/E ratio of 18.43 and a beta of 1.39. The business has a fifty day simple moving average of $107.95 and a 200-day simple moving average of $96.02. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37.

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

Hedge Funds Weigh In On Euronet Worldwide

Large investors have recently modified their holdings of the company. Belpointe Asset Management LLC raised its holdings in shares of Euronet Worldwide by 236.9% in the 1st quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock worth $25,000 after purchasing an additional 154 shares during the period. Signaturefd LLC raised its holdings in shares of Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares during the period. VisionPoint Advisory Group LLC raised its holdings in shares of Euronet Worldwide by 101.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Euronet Worldwide during the 4th quarter valued at about $30,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after buying an additional 250 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Company Profile

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.