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

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $126.00 target price on the business services provider’s stock. DA Davidson’s price target would indicate a potential upside of 23.05% from the stock’s previous close.

Several other research firms have also commented on EEFT. StockNews.com raised 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 objective for the company in a research note on Thursday, February 1st. Evercore ISI lifted their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Monness Crespi & Hardt began coverage on Euronet Worldwide in a research report on Wednesday, March 20th. They set a “buy” rating and a $140.00 target price for the company. Finally, Needham & Company LLC lifted their target price on Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a research 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. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.38.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT traded down $1.76 during midday trading on Monday, reaching $102.40. 86,254 shares of the stock traded hands, compared to its average volume of 274,019. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $4.70 billion, a PE ratio of 18.57 and a beta of 1.39. Euronet Worldwide has a one year low of $73.84 and a one year high of $121.55. The company’s 50 day moving average is $107.96 and its 200 day moving average is $95.87.

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

Institutional Investors Weigh In On Euronet Worldwide

A number of large investors have recently modified their holdings of EEFT. Belpointe Asset Management LLC grew its stake in shares of Euronet Worldwide by 236.9% during the first quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Signaturefd LLC boosted its position 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 buying an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC boosted its position in Euronet Worldwide by 101.8% in the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after buying an additional 171 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Euronet Worldwide in the fourth quarter valued at approximately $30,000. Finally, Quadrant Capital Group LLC boosted its position in Euronet Worldwide by 242.7% in the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors 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.