Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Free Report) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $94.00.

A number of research analysts recently weighed in on the company. Weiss Ratings downgraded Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. DA Davidson reaffirmed a “buy” rating and set a $102.00 target price on shares of Euronet Worldwide in a research report on Friday, July 10th. Wolfe Research lowered their price target on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, August 25th. Finally, Needham & Company LLC lifted their price target on shares of Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 30th.

Get Our Latest Research Report on Euronet Worldwide

Euronet Worldwide Stock Down 0.5%

EEFT stock opened at $64.33 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of 10.10, a PEG ratio of 0.53 and a beta of 0.83. Euronet Worldwide has a 1 year low of $62.50 and a 1 year high of $90.56. The company has a fifty day simple moving average of $72.40 and a 200 day simple moving average of $71.13. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.47.

Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last posted its earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. During the same period in the prior year, the business earned $2.56 EPS. Euronet Worldwide’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Euronet Worldwide will post 9.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of Euronet Worldwide in the second quarter valued at approximately $22,221,000. Weitz Investment Management Inc. bought a new position in Euronet Worldwide during the fourth quarter worth $12,178,000. Rock Creek Group LP raised its stake in Euronet Worldwide by 233.3% during the 4th quarter. Rock Creek Group LP now owns 100,000 shares of the business services provider’s stock valued at $7,611,000 after purchasing an additional 70,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Euronet Worldwide during the 1st quarter valued at $1,795,000. Finally, Walleye Trading LLC bought a new stake in Euronet Worldwide in the 2nd quarter valued at $1,068,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

(Get Free Report)

Euronet Worldwide, Inc provides electronic payment and transaction-processing services through a global network of automated teller machines, point-of-sale terminals, money-transfer locations and digital platforms. The company serves financial institutions, retailers, mobile operators, money-transfer agents and consumers.

Euronet operates through three primary business areas: EFT Processing, which includes ATM services, electronic payment processing and related financial technology; epay, which distributes prepaid mobile airtime, gift cards and other electronic payment products; and Money Transfer, which provides international and domestic remittance services through the Ria Money Transfer and xe brands, among others.

Headquartered in Leawood, Kansas, Euronet was founded in 1994 and initially focused on developing ATM networks in Central Europe before expanding into broader payment-processing and money-transfer services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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