Euronet Worldwide, Inc. (EEFT) – What Are Brokerages Thinking About This Stock?

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $81.60.

A number of analysts have recently issued reports on EEFT shares. Stephens initiated coverage on shares of Euronet Worldwide in a research note on Friday. They issued an “equal weight” rating and a $71.00 price objective for the company. Weiss Ratings cut Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. DA Davidson restated a “buy” rating and set a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Wolfe Research decreased their price target on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, August 25th. Finally, Needham & Company LLC upped their target price on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th.

Hedge Funds Weigh In On Euronet Worldwide

Several hedge funds have recently modified their holdings of EEFT. Reinhart Partners LLC. lifted its stake in Euronet Worldwide by 0.8% during the 3rd quarter. Reinhart Partners LLC. now owns 1,640,380 shares of the business services provider’s stock valued at $103,131,000 after acquiring an additional 13,239 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Euronet Worldwide by 16.7% during the second quarter. Sequoia Financial Advisors LLC now owns 7,216 shares of the business services provider’s stock worth $528,000 after purchasing an additional 1,035 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Euronet Worldwide during the second quarter worth $2,277,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Euronet Worldwide in the second quarter valued at approximately $75,000. Finally, Squarepoint Ops LLC acquired a new stake in Euronet Worldwide during the second quarter worth about $250,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 0.2%

NASDAQ EEFT opened at $64.84 on Thursday. The stock’s 50-day moving average price is $67.98 and its 200-day moving average price is $70.53. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide has a 52 week low of $61.62 and a 52 week high of $89.44. The company has a market capitalization of $2.47 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.53 and a beta of 0.85.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.56 EPS. On average, equities research analysts predict that Euronet Worldwide will post 9.50 earnings per share for the current year.

About Euronet Worldwide

Euronet Worldwide, Inc (NASDAQ: EEFT) is a global electronic payments and transaction processing company. Headquartered in Leawood, Kansas, the company provides payment and financial technology services to financial institutions, retailers, mobile operators, money transfer providers and consumers.

Euronet operates through three principal business areas: electronic funds transfer processing, epay and money transfer. Its electronic funds transfer services include automated teller machine and point-of-sale processing, electronic payment solutions, outsourced transaction processing and related network services.