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


Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) received a consensus “moderate buy” recommendation from the seven analysts who currently cover the stock, reports One research analyst rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $169.60.

A number of brokerages have weighed in on EEFT recently. began its coverage of Euronet Worldwide in a research report on Thursday, March 31. They set a “hold” rating for the company. UBS Group launched coverage on Euronet Worldwide in a research report on Thursday, March 31. They set a “buy” rating and a price target of $163.00 for the company. Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $164.00 to $140.00 in a Monday July 11 research report. Finally, Citigroup raised its price target on Euronet Worldwide from $168.00 to $170.00 and gave the stock a “buy” rating in a Friday, June 3 research report.

Institutional negotiation of Euronet Worldwide

Institutional investors have recently increased or reduced their stake in the company. Missouri Trust & Investment Co purchased a new stake in Euronet Worldwide in the fourth quarter worth approximately $51,000. James Reed Financial Services Inc. purchased a new stake in Euronet Worldwide stock during the fourth quarter valued at approximately $52,000. Point72 Hong Kong Ltd bought a new stake in shares of Euronet Worldwide during the fourth quarter, valued at approximately $59,000. Covestor Ltd increased its stake in Euronet Worldwide shares by 634.1% during the first quarter. Covestor Ltd now owns 903 shares of the business services provider valued at $118,000 after acquiring a further 780 shares in the last quarter. Finally, Captrust Financial Advisors increased its equity stake in Euronet Worldwide by 108.3% during the first quarter. Captrust Financial Advisors now owns 1,098 shares of the business services provider valued at $143,000 after acquiring 571 additional shares in the last quarter. Institutional investors hold 94.42% of the company’s shares.

Euronet price performance worldwide

NASDAQ:EEFT opened at $97.70 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt ratio of 1.54. The company’s 50-day simple moving average is $108.46 and its two-hundred-day simple moving average is $120.85. The stock has a market capitalization of $4.94 billion, a PE ratio of 59.57 and a beta of 1.42. Euronet Worldwide has a 52-week low of $92.88 and a 52-week high of $149.92.

Euronet Worldwide (NASDAQ:EEFT – Get Rating) released its quarterly results for the last time on Tuesday April 26th. The business services provider reported EPS of $0.51 for the quarter, missing analyst consensus estimates of $0.59 per ($0.08). The company posted revenue of $718.50 million for the quarter, versus a consensus estimate of $726.46 million. Euronet Worldwide achieved a net margin of 2.89% and a return on equity of 14.04%. Euronet Worldwide revenues increased by 10.1% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.11. As a group, analysts expect Euronet Worldwide to post an EPS of 6.48 for the current financial year.

About Euronet Worldwide

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Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers and individual consumers worldwide. The Company’s Electronic Funds 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), credit and debit card outsourcing, card management, merchant acquiring and issuing services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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