Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Euronet Worldwide, Inc. has received a consensus rating of "Moderate Buy" from eight brokerages, with two firms recommending hold, five recommending buy, and one a strong buy.
• The average 12-month price target for the stock is $123.83, while recent analyst reports have adjusted price targets between $110.00 and $137.00.
• Institutional investors hold 91.60% of Euronet's stock, with significant increases in holdings by firms such as AQR Capital Management and American Century Companies.

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $123.8333.

Several research analysts have commented on the stock. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Oppenheimer raised their price target on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Needham & Company LLC cut their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, April 25th.

Institutional Trading of Euronet Worldwide

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in shares of Euronet Worldwide by 131.9% in the second quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider's stock worth $132,632,000 after purchasing an additional 744,040 shares during the last quarter. Norges Bank purchased a new position in shares of Euronet Worldwide in the second quarter valued at about $48,417,000. American Century Companies Inc. increased its position in shares of Euronet Worldwide by 20.4% in the second quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider's stock valued at $136,126,000 after acquiring an additional 227,597 shares during the period. GAMMA Investing LLC increased its position in shares of Euronet Worldwide by 21,258.8% in the first quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider's stock valued at $21,772,000 after acquiring an additional 202,809 shares during the period. Finally, Voss Capital LP increased its position in shares of Euronet Worldwide by 30.9% in the first quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock valued at $88,107,000 after acquiring an additional 194,589 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Stock Down 0.6%

Euronet Worldwide stock opened at $95.96 on Friday. Euronet Worldwide has a 1-year low of $85.24 and a 1-year high of $114.25. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.77 and a beta of 1.25. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. The firm has a 50 day simple moving average of $101.73 and a 200 day simple moving average of $102.13.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $2.25 earnings per share. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that Euronet Worldwide will post 9.11 earnings per share for the current year.

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.

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