Euronet Worldwide (NASDAQ:EEFT) Raised to “Buy” at Citigroup

Citigroup upgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a neutral rating to a buy rating in a research report report published on Monday, Marketbeat reports. Citigroup currently has $120.00 price target on the business services provider’s stock, up from their prior price target of $116.00.

A number of other research analysts have also commented on EEFT. Evercore ISI raised their price target on Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a report on Tuesday, March 26th. 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 report on Wednesday, February 7th. DA Davidson reaffirmed a buy rating and set a $126.00 target price on shares of Euronet Worldwide in a report on Monday, April 15th. StockNews.com raised Euronet Worldwide from a hold rating to a buy rating in a report on Thursday, February 15th. Finally, Stephens raised Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 target price on the stock in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Euronet Worldwide currently has an average rating of Buy and a consensus target price of $120.75.

Euronet Worldwide Stock Performance

EEFT stock opened at $105.67 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 19.14 and a beta of 1.39. Euronet Worldwide has a 1 year low of $73.84 and a 1 year high of $121.55. The stock’s fifty day moving average is $107.82 and its two-hundred day moving average is $97.08.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly 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 company had revenue of $957.70 million for the quarter, compared to analyst estimates 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 last year, the company earned $1.12 earnings per share. On average, research analysts predict that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Trading of Euronet Worldwide

Several institutional investors have recently made changes to their positions in EEFT. CWM LLC grew its position in Euronet Worldwide by 92.2% during the third quarter. CWM LLC now owns 644 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 309 shares in the last quarter. Impact Partnership Wealth LLC purchased a new position in Euronet Worldwide during the third quarter valued at approximately $93,000. Voss Capital LLC grew its position in Euronet Worldwide by 26.2% during the third quarter. Voss Capital LLC now owns 369,852 shares of the business services provider’s stock valued at $29,359,000 after purchasing an additional 76,810 shares in the last quarter. Country Club Bank GFN grew its position in Euronet Worldwide by 24.0% during the third quarter. Country Club Bank GFN now owns 5,475 shares of the business services provider’s stock valued at $435,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its position in Euronet Worldwide by 4.2% during the third quarter. Sheets Smith Wealth Management now owns 8,927 shares of the business services provider’s stock valued at $709,000 after purchasing an additional 359 shares in the last quarter. 91.60% of the stock is currently 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. 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.