Euronet Worldwide (NASDAQ:EEFT) Raised to “Buy” at Citigroup

Citigroup upgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a neutral rating to a buy rating in a research note published on Monday morning, Marketbeat.com reports. The brokerage currently has $120.00 target price on the business services provider’s stock, up from their previous target price of $116.00.

Several other research analysts have also issued reports on the stock. Stephens raised shares of Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 target price on the stock in a research note on Thursday, February 1st. Evercore ISI raised their target price on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. StockNews.com raised shares of Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, February 15th. Monness Crespi & Hardt assumed coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They issued a buy rating and a $140.00 price target on the stock. Finally, Needham & Company LLC increased their price target on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of $120.75.

Euronet Worldwide Stock Down 0.1 %

Shares of NASDAQ:EEFT opened at $105.67 on Monday. The firm has a market cap of $4.85 billion, a P/E ratio of 19.14 and a beta of 1.39. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $121.55. The company’s 50-day moving average price is $107.82 and its two-hundred day moving average price is $97.08.

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

Institutional Trading of Euronet Worldwide

Several hedge funds have recently bought and sold shares of EEFT. CWM LLC raised its holdings in Euronet Worldwide by 92.2% during the 3rd quarter. CWM LLC now owns 644 shares of the business services provider’s stock worth $51,000 after buying an additional 309 shares during the period. Impact Partnership Wealth LLC acquired a new stake in Euronet Worldwide during the 3rd quarter worth approximately $93,000. Voss Capital LLC raised its holdings in Euronet Worldwide by 26.2% during the 3rd quarter. Voss Capital LLC now owns 369,852 shares of the business services provider’s stock worth $29,359,000 after buying an additional 76,810 shares during the period. Country Club Bank GFN raised its holdings in Euronet Worldwide by 24.0% during the 3rd quarter. Country Club Bank GFN now owns 5,475 shares of the business services provider’s stock worth $435,000 after buying an additional 1,060 shares during the period. Finally, Sheets Smith Wealth Management raised its holdings in Euronet Worldwide by 4.2% during the 3rd quarter. Sheets Smith Wealth Management now owns 8,927 shares of the business services provider’s stock worth $709,000 after buying an additional 359 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.