Euronet Worldwide (NASDAQ:EEFT) Earns Buy Rating from Analysts at Northland Securities

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Northland Securities assumed coverage on shares of Euronet Worldwide (NASDAQ:EEFT) in a research note released on Friday, TipRanks reports. The firm issued a buy rating and a $125.00 price objective on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. DA Davidson cut their target price on Euronet Worldwide from $176.00 to $140.00 and set a buy rating for the company in a research note on Tuesday, March 24th. TheStreet cut Euronet Worldwide from a b- rating to a c+ rating in a research note on Friday, March 27th. Wells Fargo & Co reiterated a buy rating on shares of Euronet Worldwide in a research note on Wednesday, April 29th. SunTrust Banks increased their price target on Euronet Worldwide from $115.00 to $135.00 and gave the company a buy rating in a research note on Wednesday, June 3rd. Finally, BidaskClub cut Euronet Worldwide from a sell rating to a strong sell rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $135.00.

NASDAQ EEFT opened at $93.52 on Friday. The business has a fifty day moving average price of $97.11 and a two-hundred day moving average price of $118.09. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.69 and a quick ratio of 1.69. Euronet Worldwide has a fifty-two week low of $61.27 and a fifty-two week high of $171.25. The stock has a market capitalization of $4.74 billion, a PE ratio of 16.52 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Tuesday, April 28th. The business services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.14). Euronet Worldwide had a return on equity of 24.88% and a net margin of 11.40%. The business had revenue of $583.90 million for the quarter, compared to the consensus estimate of $591.50 million. During the same quarter in the previous year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Euronet Worldwide will post 1.05 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cim LLC increased its holdings in Euronet Worldwide by 1.2% in the fourth quarter. Cim LLC now owns 5,798 shares of the business services provider’s stock valued at $914,000 after purchasing an additional 69 shares during the period. Comerica Bank increased its holdings in Euronet Worldwide by 3.8% in the fourth quarter. Comerica Bank now owns 2,323 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 84 shares during the period. Utah Retirement Systems increased its holdings in Euronet Worldwide by 1.1% in the fourth quarter. Utah Retirement Systems now owns 9,545 shares of the business services provider’s stock valued at $1,504,000 after purchasing an additional 100 shares during the period. Panagora Asset Management Inc. increased its holdings in Euronet Worldwide by 7.5% in the fourth quarter. Panagora Asset Management Inc. now owns 1,846 shares of the business services provider’s stock valued at $291,000 after purchasing an additional 128 shares during the period. Finally, Huntington National Bank increased its holdings in Euronet Worldwide by 20.7% in the first quarter. Huntington National Bank now owns 828 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

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. 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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