Euronet Worldwide (NASDAQ:EEFT) Now Covered by Monness Crespi & Hardt

Research analysts at Monness Crespi & Hardt initiated coverage on shares of Euronet Worldwide (NASDAQ:EEFTGet Free Report) in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm set a “buy” rating and a $140.00 price target on the business services provider’s stock. Monness Crespi & Hardt’s price objective would indicate a potential upside of 27.27% from the stock’s current price.

A number of other research firms have also weighed in on EEFT. Stephens raised Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research note on Thursday, February 1st. Needham & Company LLC increased their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and an average target price of $113.71.

View Our Latest Analysis on Euronet Worldwide

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $110.00 on Wednesday. The stock has a market cap of $5.04 billion, a P/E ratio of 19.93 and a beta of 1.40. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s fifty day moving average is $105.37 and its 200 day moving average is $92.85. Euronet Worldwide has a one year low of $73.84 and a one year high of $121.55.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The firm had revenue of $957.70 million for the quarter, compared to the consensus estimate of $844.59 million. During the same quarter last year, the company earned $1.12 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that Euronet Worldwide will post 7.5 earnings per share for the current year.

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors have recently modified their holdings of the stock. Algert Global LLC lifted its position in Euronet Worldwide by 133.5% in the third quarter. Algert Global LLC now owns 52,014 shares of the business services provider’s stock worth $4,129,000 after buying an additional 29,739 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new stake in Euronet Worldwide in the 3rd quarter worth about $35,309,000. Clearbridge Investments LLC raised its position in Euronet Worldwide by 2.7% in the 2nd quarter. Clearbridge Investments LLC now owns 557,065 shares of the business services provider’s stock worth $65,383,000 after purchasing an additional 14,456 shares during the period. WCM Investment Management LLC lifted its stake in Euronet Worldwide by 1.5% in the third quarter. WCM Investment Management LLC now owns 130,625 shares of the business services provider’s stock worth $10,369,000 after purchasing an additional 1,960 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Euronet Worldwide by 17.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock valued at $294,500,000 after buying an additional 548,457 shares during the period. 94.63% of the stock is owned by institutional investors.

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 and prepaid card outsourcing, card issuing, and merchant acquiring services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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