Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $123.56.

Several equities analysts have recently weighed in on EEFT shares. Monness Crespi & Hardt started coverage on Euronet Worldwide in a research report on Wednesday, March 20th. They issued a “buy” rating and a $140.00 target price on the stock. DA Davidson raised their target price on Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods raised their target price on Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research report on Wednesday, May 1st. Finally, Citigroup lifted their price objective on Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $108.63 on Friday. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 19.13 and a beta of 1.45. Euronet Worldwide has a twelve month low of $73.84 and a twelve month high of $119.66. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average of $109.71 and a 200 day moving average of $106.78.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.25. The business had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.85 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. Sell-side analysts anticipate that Euronet Worldwide will post 7.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in Euronet Worldwide by 1.2% during the first quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock worth $152,900,000 after acquiring an additional 15,837 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Euronet Worldwide by 1.3% during the first quarter. Burgundy Asset Management Ltd. now owns 756,604 shares of the business services provider’s stock worth $83,173,000 after acquiring an additional 10,025 shares during the last quarter. Wasatch Advisors LP increased its stake in Euronet Worldwide by 0.6% during the first quarter. Wasatch Advisors LP now owns 582,680 shares of the business services provider’s stock worth $64,054,000 after acquiring an additional 3,346 shares during the last quarter. Clearbridge Investments LLC increased its stake in Euronet Worldwide by 4.5% during the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock worth $62,337,000 after acquiring an additional 24,566 shares during the last quarter. Finally, Voss Capital LLC increased its stake in Euronet Worldwide by 52.8% during the fourth quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock worth $57,368,000 after acquiring an additional 195,404 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Euronet Worldwide

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.