Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been given an average recommendation of “Buy” by the twelve brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $145.88.
A number of brokerages have issued reports on EEFT. Wells Fargo & Co raised their target price on Euronet Worldwide from $150.00 to $164.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. They noted that the move was a valuation call. DA Davidson raised their target price on Euronet Worldwide to $165.00 and gave the stock an “average” rating in a research note on Friday, April 5th. They noted that the move was a valuation call. Piper Jaffray Companies raised their target price on Euronet Worldwide to $159.00 in a research note on Tuesday, March 5th. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Thursday, February 14th. Finally, SunTrust Banks raised their target price on Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research note on Monday, February 11th.
Shares of EEFT opened at $147.45 on Tuesday. Euronet Worldwide has a 52-week low of $77.53 and a 52-week high of $150.53. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 1.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, February 7th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. Euronet Worldwide had a return on equity of 25.05% and a net margin of 9.18%. The business had revenue of $649.40 million during the quarter, compared to the consensus estimate of $663.82 million. During the same period last year, the company earned $1.13 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Euronet Worldwide will post 6.64 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Euronet Worldwide by 66.1% during the 4th quarter. CWM LLC now owns 294 shares of the business services provider’s stock worth $30,000 after purchasing an additional 117 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of Euronet Worldwide during the 1st quarter worth $45,000. Captrust Financial Advisors grew its holdings in shares of Euronet Worldwide by 163.0% during the 4th quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock worth $68,000 after purchasing an additional 414 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Euronet Worldwide by 21.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of Euronet Worldwide by 7,142.9% during the 4th quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock worth $104,000 after purchasing an additional 1,000 shares during the period.
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. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.
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