Euronet Worldwide (EEFT) Lifted to Buy at BidaskClub

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Euronet Worldwide (NASDAQ:EEFT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday, June 22nd.

EEFT has been the topic of several other reports. Zacks Investment Research downgraded shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, April 26th. ValuEngine raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Monday, June 18th. Goldman Sachs Group downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $101.00 to $94.00 in a report on Monday, June 11th. DA Davidson decreased their target price on shares of Euronet Worldwide to $108.00 and set a “buy” rating on the stock in a research note on Tuesday, April 24th. Finally, Needham & Company LLC initiated coverage on shares of Euronet Worldwide in a research report on Thursday, May 10th. They set a “buy” rating and a $100.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $107.00.

Shares of Euronet Worldwide opened at $83.77 on Friday, MarketBeat Ratings reports. Euronet Worldwide has a 52-week low of $70.67 and a 52-week high of $101.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $4.28 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.50.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The business had revenue of $550.50 million during the quarter, compared to analyst estimates of $535.93 million. Euronet Worldwide had a net margin of 6.66% and a return on equity of 20.77%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. equities research analysts forecast that Euronet Worldwide will post 5.03 EPS for the current year.

In other news, CEO Kevin J. Caponecchi sold 60,889 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $82.00, for a total transaction of $4,992,898.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in Euronet Worldwide by 20.3% in the 1st quarter. Wells Fargo & Company MN now owns 2,699,640 shares of the business services provider’s stock worth $213,057,000 after purchasing an additional 456,305 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Euronet Worldwide by 35.7% during the 4th quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock worth $100,971,000 after buying an additional 315,396 shares during the period. Wasatch Advisors Inc. raised its stake in shares of Euronet Worldwide by 27.5% during the 1st quarter. Wasatch Advisors Inc. now owns 1,114,685 shares of the business services provider’s stock worth $87,971,000 after buying an additional 240,387 shares during the period. Manning & Napier Group LLC raised its stake in shares of Euronet Worldwide by 3.7% during the 1st quarter. Manning & Napier Group LLC now owns 1,107,265 shares of the business services provider’s stock worth $87,384,000 after buying an additional 39,910 shares during the period. Finally, Van Berkom & Associates Inc. raised its stake in shares of Euronet Worldwide by 14.6% during the 1st quarter. Van Berkom & Associates Inc. now owns 886,126 shares of the business services provider’s stock worth $69,933,000 after buying an additional 112,973 shares during the period.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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