Euronet Worldwide (NASDAQ:EEFT) Given “Buy” Rating at DA Davidson

DA Davidson reissued their buy rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research note released on Monday, Benzinga reports. DA Davidson currently has a $126.00 price target on the business services provider’s stock.

EEFT has been the subject of several other research reports. StockNews.com raised shares of Euronet Worldwide from a hold rating to a buy rating in a report on Thursday, February 15th. Monness Crespi & Hardt initiated 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. Needham & Company LLC lifted their price objective on Euronet Worldwide from $115.00 to $120.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Stephens raised Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 target price for the company in a report on Thursday, February 1st. Finally, Evercore ISI lifted their price target on Euronet Worldwide from $118.00 to $135.00 and gave the stock an outperform rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $117.38.

Euronet Worldwide Trading Down 0.4 %

EEFT stock opened at $101.22 on Monday. Euronet Worldwide has a 52-week low of $73.84 and a 52-week high of $121.55. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. The firm has a market cap of $4.64 billion, a P/E ratio of 18.34 and a beta of 1.39. The company’s 50-day simple moving average is $107.87 and its 200-day simple moving average is $96.22.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The company had revenue of $957.70 million for 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%. Euronet Worldwide’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, equities analysts forecast that Euronet Worldwide will post 7.51 EPS for the current fiscal year.

Institutional Trading of Euronet Worldwide

Several large investors have recently added to or reduced their stakes in the stock. FCF Advisors LLC grew its stake in shares of Euronet Worldwide by 7.8% in the 1st quarter. FCF Advisors LLC now owns 8,436 shares of the business services provider’s stock valued at $927,000 after buying an additional 613 shares during the period. Cooper Financial Group acquired a new position in Euronet Worldwide in the first quarter valued at approximately $621,000. CWM LLC grew its position in Euronet Worldwide by 38.8% in the first quarter. CWM LLC now owns 991 shares of the business services provider’s stock worth $109,000 after acquiring an additional 277 shares during the period. Reinhart Partners LLC. increased its stake in Euronet Worldwide by 3.3% during the first quarter. Reinhart Partners LLC. now owns 551,431 shares of the business services provider’s stock worth $60,619,000 after acquiring an additional 17,606 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Euronet Worldwide during the fourth quarter worth $388,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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.