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 report sent to investors on Saturday, BidAskClub reports.

A number of other brokerages also recently issued reports on EEFT. SunTrust Banks lifted their price target on Euronet Worldwide from $115.00 to $135.00 and gave the company a buy rating in a research report on Wednesday, June 3rd. TheStreet downgraded Euronet Worldwide from a b- rating to a c+ rating in a research report on Friday, March 27th. DA Davidson dropped their price target on 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 Euronet Worldwide from $175.00 to $90.00 and set a buy rating for the company in a research report on Monday, March 23rd. Finally, Northland Securities began coverage on Euronet Worldwide in a research report on Friday, April 3rd. They issued a buy rating and a $125.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $135.00.

Shares of EEFT opened at $93.52 on Friday. The company has a market cap of $4.88 billion, a PE ratio of 16.52 and a beta of 1.21. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $97.13 and a 200-day moving average price of $117.79. Euronet Worldwide has a 12-month low of $61.27 and a 12-month high of $171.25.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). The business had revenue of $583.90 million for the quarter, compared to the consensus estimate of $591.50 million. Euronet Worldwide had a net margin of 11.40% and a return on equity of 24.88%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. As a group, analysts predict that Euronet Worldwide will post 1.05 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in EEFT. Comerica Bank increased its stake in Euronet Worldwide by 3.8% in the 4th quarter. Comerica Bank now owns 2,323 shares of the business services provider’s stock worth $376,000 after purchasing an additional 84 shares during the period. Banque Cantonale Vaudoise purchased a new position in Euronet Worldwide in the 4th quarter worth approximately $51,000. Rafferty Asset Management LLC increased its stake in Euronet Worldwide by 8.8% in the 4th quarter. Rafferty Asset Management LLC now owns 8,147 shares of the business services provider’s stock worth $1,284,000 after purchasing an additional 659 shares during the period. Bank of Montreal Can increased its stake in Euronet Worldwide by 115.5% in the 4th quarter. Bank of Montreal Can now owns 53,647 shares of the business services provider’s stock worth $8,453,000 after purchasing an additional 28,749 shares during the period. Finally, Chicago Equity Partners LLC purchased a new position in Euronet Worldwide in the 4th quarter worth approximately $1,914,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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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