Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Recommendation of “Hold” by Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $108.3333.

A number of brokerages have weighed in on EEFT. Needham & Company LLC dropped their price target on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Oppenheimer dropped their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Monness Crespi & Hardt cut Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 26th.

Euronet Worldwide Stock Up 4.4%

Shares of NASDAQ:EEFT opened at $75.02 on Friday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.56 and a beta of 0.82. Euronet Worldwide has a 12-month low of $67.00 and a 12-month high of $114.25. The business has a 50-day moving average price of $74.82 and a 200 day moving average price of $82.68. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84.

Institutional Trading of Euronet Worldwide

Hedge funds have recently made changes to their positions in the business. Johnson Financial Group Inc. acquired a new position in shares of Euronet Worldwide in the third quarter valued at approximately $26,000. Danske Bank A S purchased a new position in Euronet Worldwide in the 3rd quarter valued at approximately $26,000. Allworth Financial LP grew its stake in shares of Euronet Worldwide by 248.7% in the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after acquiring an additional 189 shares in the last quarter. First Horizon Corp acquired a new position in shares of Euronet Worldwide in the third quarter worth $36,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Euronet Worldwide

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.