Euronet Worldwide (NASDAQ:EEFT) Rating Reiterated by DA Davidson

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a note issued to investors on Monday, Benzinga reports. They currently have a $126.00 price target on the business services provider’s stock. DA Davidson’s price target indicates a potential upside of 24.00% from the company’s current price.

A number of other analysts have also recently commented on the stock. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a research report on Thursday, February 1st. Monness Crespi & Hardt assumed coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price target for the company. Evercore ISI raised their price target on shares of Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Needham & Company LLC lifted their target price 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.38.

Euronet Worldwide Trading Down 0.1 %

EEFT stock opened at $101.61 on Monday. The company has a market capitalization of $4.66 billion, a PE ratio of 18.41 and a beta of 1.39. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $121.55. The firm’s 50-day moving average is $107.92 and its 200 day moving average is $96.18. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The company had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. During the same period in the prior year, the business earned $1.12 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts anticipate that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC grew its stake in Euronet Worldwide by 236.9% in the 1st 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 period. Signaturefd LLC grew its stake in Euronet Worldwide by 189.9% in the 4th 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 period. GAMMA Investing LLC acquired a new stake in Euronet Worldwide in the 4th quarter valued at $30,000. VisionPoint Advisory Group LLC grew its stake in Euronet Worldwide by 101.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 171 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in Euronet Worldwide by 242.7% in the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 91.60% 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. 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.