Euronet Worldwide (NASDAQ:EEFT) Downgraded by BidaskClub

BidaskClub downgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a sell rating to a strong sell rating in a research note issued to investors on Saturday, BidAskClub reports.

EEFT has been the subject of a number of other reports. Needham & Company LLC dropped their price target on Euronet Worldwide from $175.00 to $90.00 and set a buy rating for the company in a research note on Monday, March 23rd. Wells Fargo & Co reissued a buy rating on shares of Euronet Worldwide in a research note on Wednesday, April 29th. Citigroup lowered Euronet Worldwide from a buy rating to a neutral rating and set a $109.00 price target for the company. in a research note on Friday, June 19th. Northland Securities began coverage on Euronet Worldwide in a research note on Friday, April 3rd. They set a buy rating and a $125.00 price target for the company. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $135.00.

NASDAQ:EEFT opened at $93.52 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.03. Euronet Worldwide has a 12-month low of $61.27 and a 12-month high of $171.25. The stock has a 50-day moving average price of $97.13 and a 200 day moving average price of $117.79. The stock has a market capitalization of $4.88 billion, a P/E 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 (EPS) 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 analysts’ expectations of $591.50 million. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts predict that Euronet Worldwide will post 1.05 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of EEFT. Alliancebernstein L.P. lifted its stake in shares of Euronet Worldwide by 183.3% in the 1st quarter. Alliancebernstein L.P. now owns 2,385,484 shares of the business services provider’s stock valued at $204,484,000 after purchasing an additional 1,543,524 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Euronet Worldwide by 40.0% in the 1st quarter. Wasatch Advisors Inc. now owns 2,530,344 shares of the business services provider’s stock valued at $216,901,000 after purchasing an additional 723,555 shares during the last quarter. Norges Bank bought a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $74,524,000. Eaton Vance Management lifted its stake in shares of Euronet Worldwide by 566.3% during the 1st quarter. Eaton Vance Management now owns 426,046 shares of the business services provider’s stock worth $36,718,000 after acquiring an additional 362,106 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Euronet Worldwide by 44.4% during the 1st quarter. Bank of New York Mellon Corp now owns 783,702 shares of the business services provider’s stock worth $67,179,000 after acquiring an additional 240,884 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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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