Euronet Worldwide (NASDAQ:EEFT) had its price objective hoisted by analysts at DA Davidson to $152.00 in a research report issued on Monday, The Fly reports. The firm currently has a “buy” rating on the business services provider’s stock. DA Davidson’s price objective points to a potential upside of 20.09% from the stock’s previous close.
Several other brokerages have also recently issued reports on EEFT. SunTrust Banks upped their target price on shares of Euronet Worldwide to $145.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC upped their price target on shares of Euronet Worldwide from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research downgraded shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Finally, BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $136.75.
Shares of Euronet Worldwide stock opened at $126.57 on Monday. Euronet Worldwide has a 12-month low of $70.67 and a 12-month high of $129.33. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $6.53 billion, a PE ratio of 23.84, a P/E/G ratio of 1.44 and a beta of 1.12.
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, beating the consensus estimate of $1.21 by $0.16. Euronet Worldwide had a net margin of 9.18% and a return on equity of 25.64%. The business had revenue of $649.40 million during the quarter, compared to analysts’ expectations of $663.82 million. During the same quarter in the prior year, the business posted $1.13 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts expect that Euronet Worldwide will post 6.58 earnings per share for the current year.
In other Euronet Worldwide news, CEO Michael J. Brown sold 2,610 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $110.11, for a total transaction of $287,387.10. Following the completion of the transaction, the chief executive officer now owns 1,454,817 shares in the company, valued at approximately $160,189,899.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Rick Weller sold 40,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the transaction, the chief financial officer now owns 33,944 shares of the company’s stock, valued at approximately $4,083,802.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,716 shares of company stock valued at $23,154,994. 7.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in EEFT. CWM LLC raised its position in 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 buying an additional 117 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in 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 buying an additional 150 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in Euronet Worldwide during the 4th quarter worth $113,000. Huntington National Bank raised its position in Euronet Worldwide by 183.7% during the 4th quarter. Huntington National Bank now owns 1,129 shares of the business services provider’s stock worth $116,000 after buying an additional 731 shares during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in Euronet Worldwide during the 3rd quarter worth $133,000.
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 operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
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