Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned an average rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $165.40.
Several research analysts have recently commented on EEFT shares. BidaskClub cut shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. Wolfe Research began coverage on shares of Euronet Worldwide in a report on Wednesday, July 31st. They set an “outperform” rating and a $200.00 target price on the stock. Citigroup set a $189.00 price target on shares of Euronet Worldwide and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, DA Davidson lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 price target on the stock. in a research report on Thursday, June 13th. They noted that the move was a valuation call.
In related news, VP Jeffrey B. Newman sold 5,461 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $161.12, for a total transaction of $879,876.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.40% of the company’s stock.
Shares of EEFT traded up $1.42 during mid-day trading on Thursday, hitting $148.88. 311,340 shares of the company’s stock were exchanged, compared to its average volume of 476,922. Euronet Worldwide has a 52 week low of $91.78 and a 52 week high of $171.25. The stock has a 50-day moving average of $161.29. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.28.
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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