Weekly Analysts’ Ratings Changes for Euronet Worldwide (EEFT)

A number of firms have modified their ratings and price targets on shares of Euronet Worldwide (NASDAQ: EEFT) recently:

  • 10/4/2018 – Euronet Worldwide had its price target raised by analysts at DA Davidson from $114.00 to $140.00. They now have a “buy” rating on the stock.
  • 10/4/2018 – Euronet Worldwide was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/3/2018 – Euronet Worldwide had its price target raised by analysts at SunTrust Banks, Inc. to $155.00. They now have a “buy” rating on the stock.
  • 10/2/2018 – Euronet Worldwide had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $150.00 price target on the stock.
  • 10/2/2018 – Euronet Worldwide was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/1/2018 – Euronet Worldwide had its price target raised by analysts at Piper Jaffray Companies from $111.00 to $141.00. They now have an “overweight” rating on the stock.
  • 10/1/2018 – Euronet Worldwide was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating.
  • 9/26/2018 – Euronet Worldwide was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/12/2018 – Euronet Worldwide had its price target raised by analysts at SunTrust Banks, Inc. to $130.00. They now have a “buy” rating on the stock.
  • 9/11/2018 – Euronet Worldwide was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

EEFT stock opened at $116.84 on Monday. Euronet Worldwide, Inc. has a twelve month low of $70.67 and a twelve month high of $120.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $5.11 billion, a PE ratio of 26.98, a P/E/G ratio of 1.46 and a beta of 1.42.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Tuesday, July 24th. The business services provider reported $1.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.32. Euronet Worldwide had a return on equity of 21.71% and a net margin of 6.11%. The firm had revenue of $622.20 million for the quarter, compared to analysts’ expectations of $618.93 million. During the same period in the previous year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts forecast that Euronet Worldwide, Inc. will post 5.15 earnings per share for the current fiscal year.

In other news, VP Jeffrey B. Newman sold 5,000 shares of Euronet Worldwide stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $97.26, for a total transaction of $486,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Rick Weller sold 57,458 shares of Euronet Worldwide stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $96.62, for a total value of $5,551,591.96. Following the transaction, the chief financial officer now directly owns 92,951 shares in the company, valued at $8,980,925.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 297,413 shares of company stock worth $29,047,292. Insiders own 7.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of EEFT. Aperio Group LLC lifted its position in shares of Euronet Worldwide by 25.6% during the 1st quarter. Aperio Group LLC now owns 7,634 shares of the business services provider’s stock valued at $602,000 after buying an additional 1,557 shares in the last quarter. Northern Trust Corp raised its stake in Euronet Worldwide by 1.4% during the 1st quarter. Northern Trust Corp now owns 299,358 shares of the business services provider’s stock valued at $23,625,000 after purchasing an additional 4,222 shares during the period. California Public Employees Retirement System raised its stake in Euronet Worldwide by 9.3% during the 1st quarter. California Public Employees Retirement System now owns 104,268 shares of the business services provider’s stock valued at $8,229,000 after purchasing an additional 8,895 shares during the period. Asset Management One Co. Ltd. raised its stake in Euronet Worldwide by 130.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 39,849 shares of the business services provider’s stock valued at $3,145,000 after purchasing an additional 22,549 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Euronet Worldwide during the 1st quarter valued at approximately $726,000. 99.44% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

Read More: Price to Earnings Ratio (PE) Basics

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