Euronet Worldwide (NASDAQ:EEFT) Lowered to Hold at StockNews.com

Euronet Worldwide (NASDAQ:EEFTGet Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other equities research analysts have also recently issued reports on the stock. Stephens upgraded shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Thursday, February 1st. Needham & Company LLC upped their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial upped their price target on shares of Euronet Worldwide from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, DA Davidson decreased their price target on shares of Euronet Worldwide from $134.00 to $118.00 and set a “buy” rating for the company in a report on Friday, October 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Get Our Latest Analysis on EEFT

Euronet Worldwide Trading Down 2.4 %

Euronet Worldwide stock opened at $101.09 on Wednesday. The stock has a market cap of $4.66 billion, a P/E ratio of 18.72 and a beta of 1.40. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $121.55. The company’s fifty day simple moving average is $98.41 and its 200-day simple moving average is $88.63. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.11.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The firm had revenue of $957.70 million during the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a net margin of 7.79% and a return on equity of 24.01%. Euronet Worldwide’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. As a group, sell-side analysts forecast that Euronet Worldwide will post 6.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its stake in shares of Euronet Worldwide by 26.4% during the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 105 shares during the last quarter. M&T Bank Corp grew its stake in shares of Euronet Worldwide by 3.8% during the third quarter. M&T Bank Corp now owns 3,807 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 141 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Euronet Worldwide by 236.9% in the first quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Vident Investment Advisory LLC boosted its stake in Euronet Worldwide by 3.6% in the first quarter. Vident Investment Advisory LLC now owns 4,828 shares of the business services provider’s stock valued at $628,000 after acquiring an additional 169 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Euronet Worldwide

(Get Free Report)

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 card outsourcing, card issuing, and merchant acquiring services.

Further Reading

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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