Euronet Worldwide (NASDAQ:EEFT) Given Buy Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research note published on Monday, Benzinga reports. DA Davidson currently has a $126.00 price target on the business services provider’s stock.

A number of other analysts also recently issued reports on EEFT. Monness Crespi & Hardt assumed coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They issued a buy rating and a $140.00 target price for the company. Needham & Company LLC raised their target price on Euronet Worldwide from $115.00 to $120.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Evercore ISI raised their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an outperform rating in a research note on Tuesday, March 26th. Stephens raised Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 price objective for the company in a research report on Thursday, February 1st. Finally, StockNews.com raised Euronet Worldwide from a hold rating to a buy rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $117.38.

Euronet Worldwide Trading Down 2.3 %

Shares of EEFT stock opened at $101.76 on Monday. The stock’s fifty day moving average is $107.95 and its two-hundred day moving average is $96.02. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $4.67 billion, a P/E ratio of 18.43 and a beta of 1.39. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The company had revenue of $957.70 million for the quarter, compared to analyst estimates of $844.59 million. During the same quarter last year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts expect that Euronet Worldwide will post 7.51 earnings per share for the current fiscal year.

Institutional Trading of Euronet Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FCF Advisors LLC increased its stake in Euronet Worldwide by 7.8% during the first quarter. FCF Advisors LLC now owns 8,436 shares of the business services provider’s stock worth $927,000 after purchasing an additional 613 shares during the period. Cooper Financial Group purchased a new stake in Euronet Worldwide during the first quarter worth about $621,000. CWM LLC increased its stake in Euronet Worldwide by 38.8% during the first quarter. CWM LLC now owns 991 shares of the business services provider’s stock worth $109,000 after purchasing an additional 277 shares during the period. Reinhart Partners LLC. increased its stake in Euronet Worldwide by 3.3% during the first quarter. Reinhart Partners LLC. now owns 551,431 shares of the business services provider’s stock worth $60,619,000 after purchasing an additional 17,606 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Euronet Worldwide during the fourth quarter worth about $388,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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.