Euronet Worldwide (NASDAQ:EEFT) Upgraded at Citigroup

Citigroup upgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a neutral rating to a buy rating in a research note released on Monday, Marketbeat.com reports. The firm currently has $120.00 price target on the business services provider’s stock, up from their previous price target of $116.00.

Other equities research analysts also recently issued research reports about the company. StockNews.com upgraded Euronet Worldwide from a hold rating to a buy rating in a research report on Thursday, February 15th. Needham & Company LLC increased their price objective on Euronet Worldwide from $115.00 to $120.00 and gave the stock a buy rating in a report on Wednesday, February 7th. DA Davidson reaffirmed a buy rating and set a $126.00 target price on shares of Euronet Worldwide in a report on Monday, April 15th. Evercore ISI upped their price target on Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. Finally, Monness Crespi & Hardt initiated coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They issued a buy rating and a $140.00 price objective for the company. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of $120.75.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $103.89 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. The company has a market cap of $4.76 billion, a PE ratio of 18.82 and a beta of 1.39. Euronet Worldwide has a 52 week low of $73.84 and a 52 week high of $121.55. The firm’s 50-day simple moving average is $107.80 and its two-hundred day simple moving average is $96.88.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.34. The company had revenue of $957.70 million for 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 company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Research analysts predict that Euronet Worldwide will post 7.51 earnings per share for the current year.

Institutional Trading of Euronet Worldwide

A number of large investors have recently modified their holdings of EEFT. CWM LLC raised its stake in Euronet Worldwide by 92.2% in the third quarter. CWM LLC now owns 644 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 309 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Euronet Worldwide in the 3rd quarter worth $93,000. Voss Capital LLC raised its position in shares of Euronet Worldwide by 26.2% during the 3rd quarter. Voss Capital LLC now owns 369,852 shares of the business services provider’s stock valued at $29,359,000 after buying an additional 76,810 shares in the last quarter. Country Club Bank GFN lifted its holdings in shares of Euronet Worldwide by 24.0% during the 3rd quarter. Country Club Bank GFN now owns 5,475 shares of the business services provider’s stock worth $435,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its position in Euronet Worldwide by 4.2% in the third quarter. Sheets Smith Wealth Management now owns 8,927 shares of the business services provider’s stock worth $709,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

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.