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

EEFT has been the topic of a number of other reports. SunTrust Banks lifted their price objective on Euronet Worldwide from $115.00 to $135.00 and gave the company a buy rating in a report on Wednesday, June 3rd. DA Davidson dropped their target price on shares of Euronet Worldwide from $176.00 to $140.00 and set a buy rating for the company in a research report on Tuesday, March 24th. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $175.00 to $90.00 and set a buy rating for the company in a research report on Monday, March 23rd. Wells Fargo & Co reiterated a buy rating on shares of Euronet Worldwide in a research report on Wednesday, April 29th. Finally, Citigroup cut shares of Euronet Worldwide from a buy rating to a neutral rating and set a $109.00 target price for the company. in a research report on Friday, June 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $135.00.

EEFT opened at $93.52 on Friday. The firm has a market cap of $4.74 billion, a PE ratio of 16.52 and a beta of 1.21. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $97.11 and a 200-day simple moving average of $118.09. Euronet Worldwide has a fifty-two week low of $61.27 and a fifty-two week high of $171.25.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Tuesday, April 28th. The business services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). The business had revenue of $583.90 million during the quarter, compared to analyst estimates of $591.50 million. Euronet Worldwide had a return on equity of 24.88% and a net margin of 11.40%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. On average, equities research analysts anticipate that Euronet Worldwide will post 1.05 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EEFT. Asset Management One Co. Ltd. bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at $31,000. Tower Research Capital LLC TRC acquired a new position in Euronet Worldwide in the 1st quarter worth $33,000. Banque Cantonale Vaudoise acquired a new position in Euronet Worldwide in the 4th quarter worth $51,000. Meeder Asset Management Inc. boosted its stake in Euronet Worldwide by 44.6% in the 1st quarter. Meeder Asset Management Inc. now owns 700 shares of the business services provider’s stock worth $60,000 after purchasing an additional 216 shares during the period. Finally, Huntington National Bank boosted its stake in Euronet Worldwide by 20.7% in the 1st quarter. Huntington National Bank now owns 828 shares of the business services provider’s stock worth $71,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 93.93% 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. 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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