BidaskClub Lowers Euronet Worldwide (NASDAQ:EEFT) to Strong Sell

BidaskClub cut shares of Euronet Worldwide (NASDAQ:EEFT) from a sell rating to a strong sell rating in a report issued on Tuesday, BidAskClub reports.

A number of other research analysts have also issued reports on the stock. ValuEngine lowered shares of Euronet Worldwide from a buy rating to a hold rating in a report on Friday, September 6th. Citigroup raised their price objective on shares of Euronet Worldwide from $168.00 to $189.00 and gave the company a buy rating in a report on Monday, September 9th. DA Davidson lowered shares of Euronet Worldwide from a buy rating to a neutral rating and set a $161.20 price objective for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. Finally, Wolfe Research started coverage on shares of Euronet Worldwide in a report on Wednesday, July 31st. They issued an outperform rating and a $200.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $165.40.

EEFT opened at $146.46 on Tuesday. The company’s 50 day moving average is $150.88 and its 200-day moving average is $152.10. Euronet Worldwide has a 1-year low of $91.78 and a 1-year high of $171.25. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.96. The company has a market cap of $7.96 billion, a P/E ratio of 25.35, a PEG ratio of 1.64 and a beta of 1.16.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.04). Euronet Worldwide had a net margin of 10.08% and a return on equity of 24.94%. The company had revenue of $691.90 million during the quarter, compared to analyst estimates of $691.90 million. On average, equities analysts forecast that Euronet Worldwide will post 6.67 EPS for the current year.

In related news, CEO Juan Bianchi sold 20,994 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $152.51, for a total value of $3,201,794.94. Following the completion of the transaction, the chief executive officer now owns 20,994 shares in the company, valued at approximately $3,201,794.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Financial Group Inc. bought a new position in Euronet Worldwide during the 2nd quarter worth approximately $41,000. Meridian Wealth Management LLC bought a new position in Euronet Worldwide during the 1st quarter worth approximately $43,000. Schroder Investment Management Group bought a new position in Euronet Worldwide during the 2nd quarter worth approximately $102,000. Tortoise Index Solutions LLC bought a new position in Euronet Worldwide during the 1st quarter worth approximately $105,000. Finally, Flagship Harbor Advisors LLC raised its holdings in Euronet Worldwide by 144.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 786 shares of the business services provider’s stock worth $132,000 after purchasing an additional 465 shares during the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.

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. 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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