Euronet Worldwide, Inc. (EEFT) Receives Consensus Recommendation of “Buy” from Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $144.13.

A number of brokerages have recently commented on EEFT. DA Davidson upped their price objective on shares of Euronet Worldwide to $165.00 and gave the company an “average” rating in a research report on Friday, April 5th. They noted that the move was a valuation call. Piper Jaffray Companies upped their price objective on shares of Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Thursday, February 14th. SunTrust Banks upped their price objective on shares of Euronet Worldwide to $145.00 and gave the company a “buy” rating in a research report on Monday, February 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price (up previously from $135.00) on shares of Euronet Worldwide in a research note on Monday, February 11th.

Shares of EEFT traded up $0.84 during trading hours on Friday, reaching $144.66. 5,510 shares of the company traded hands, compared to its average volume of 516,471. The firm has a market capitalization of $7.46 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51. Euronet Worldwide has a 1-year low of $72.80 and a 1-year high of $147.43.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.16. The business had revenue of $649.40 million during the quarter, compared to analyst estimates of $663.82 million. Euronet Worldwide had a net margin of 9.18% and a return on equity of 25.05%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. As a group, equities analysts forecast that Euronet Worldwide will post 6.64 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. State of Alaska Department of Revenue grew its stake in Euronet Worldwide by 8.7% during the first quarter. State of Alaska Department of Revenue now owns 6,138 shares of the business services provider’s stock worth $874,000 after buying an additional 491 shares during the last quarter. Polianta Ltd bought a new stake in Euronet Worldwide during the first quarter worth about $1,154,000. First Hawaiian Bank grew its stake in Euronet Worldwide by 677.1% during the first quarter. First Hawaiian Bank now owns 2,238 shares of the business services provider’s stock worth $319,000 after buying an additional 1,950 shares during the last quarter. Norges Bank bought a new stake in Euronet Worldwide during the fourth quarter worth about $43,343,000. Finally, Advisory Services Network LLC grew its stake in Euronet Worldwide by 7,142.9% during the fourth quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock worth $104,000 after buying an additional 1,000 shares during the last quarter.

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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