Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Rating of “Moderate Buy” by Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $121.89.

EEFT has been the topic of a number of research analyst reports. Citigroup raised shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $120.00 in a report on Monday, April 22nd. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. DA Davidson boosted their price objective on shares of Euronet Worldwide from $126.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Finally, Evercore ISI upped their price target on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th.

Hedge Funds Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC increased its position in Euronet Worldwide by 189.9% during the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC increased its position in Euronet Worldwide by 101.8% during the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after purchasing an additional 171 shares during the last quarter. GAMMA Investing LLC acquired a new position in Euronet Worldwide during the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC increased its position in Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after purchasing an additional 250 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Euronet Worldwide during the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 1.0 %

Shares of Euronet Worldwide stock opened at $115.34 on Thursday. Euronet Worldwide has a 52-week low of $73.84 and a 52-week high of $121.06. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. The company’s 50-day simple moving average is $108.55 and its 200-day simple moving average is $101.81. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 20.31 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.25. The firm had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.85 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. As a group, equities research analysts anticipate that Euronet Worldwide will post 7.82 earnings per share for the current year.

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.