Euronet Worldwide (NASDAQ:EEFT) Stock Rating Upgraded by BidaskClub

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Euronet Worldwide (NASDAQ:EEFT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, BidAskClub reports.

Several other equities research analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 price target on shares of Euronet Worldwide in a research report on Monday, November 18th. DA Davidson increased their price objective on shares of Euronet Worldwide from $174.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Northland Securities reiterated a “buy” rating and issued a $175.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 1st. Piper Jaffray Companies set a $180.00 price objective on shares of Euronet Worldwide and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, ValuEngine lowered shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. Euronet Worldwide currently has a consensus rating of “Buy” and a consensus target price of $172.56.

Shares of Euronet Worldwide stock traded down $0.53 on Tuesday, hitting $162.59. 2,947 shares of the company’s stock were exchanged, compared to its average volume of 351,930. The company has a 50-day simple moving average of $157.85 and a 200-day simple moving average of $153.77. The stock has a market capitalization of $8.81 billion, a PE ratio of 30.63, a PEG ratio of 2.10 and a beta of 1.08. Euronet Worldwide has a 1 year low of $108.10 and a 1 year high of $171.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.88 and a current ratio of 1.88.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.04. Euronet Worldwide had a net margin of 11.10% and a return on equity of 26.78%. The firm had revenue of $787.00 million during the quarter, compared to analysts’ expectations of $820.11 million. On average, analysts expect that Euronet Worldwide will post 6.71 EPS for the current fiscal year.

In related news, CEO Kevin J. Caponecchi sold 8,565 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $154.00, for a total value of $1,319,010.00. Following the completion of the transaction, the chief executive officer now owns 85,064 shares in the company, valued at $13,099,856. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Martin L. Bruckner sold 12,893 shares of Euronet Worldwide stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $153.97, for a total transaction of $1,985,135.21. Following the completion of the transaction, the senior vice president now owns 17,898 shares of the company’s stock, valued at approximately $2,755,755.06. The disclosure for this sale can be found here. In the last three months, insiders sold 125,778 shares of company stock valued at $19,588,030. Insiders own 6.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Euronet Worldwide by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,799,013 shares of the business services provider’s stock worth $807,386,000 after acquiring an additional 223,005 shares during the last quarter. BlackRock Inc. lifted its position in shares of Euronet Worldwide by 6.1% during the 2nd quarter. BlackRock Inc. now owns 2,376,979 shares of the business services provider’s stock worth $399,903,000 after buying an additional 135,698 shares during the last quarter. Invesco Ltd. lifted its position in shares of Euronet Worldwide by 211.1% during the 2nd quarter. Invesco Ltd. now owns 936,781 shares of the business services provider’s stock worth $157,603,000 after buying an additional 635,710 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Euronet Worldwide during the 2nd quarter worth approximately $84,681,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Euronet Worldwide by 2.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 355,069 shares of the business services provider’s stock worth $51,947,000 after buying an additional 6,976 shares during the last quarter. Institutional investors own 92.33% 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. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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