Euronet Worldwide (NASDAQ:EEFT) Upgraded at Citigroup

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

A number of other equities analysts have also recently commented on EEFT. Evercore ISI raised their target price on Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a report on Tuesday, March 26th. Stephens upgraded Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 target price for the company in a report on Thursday, February 1st. StockNews.com upgraded Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, February 15th. Monness Crespi & Hardt assumed coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They issued a buy rating and a $140.00 price objective for the company. Finally, DA Davidson reiterated a buy rating and issued a $126.00 price objective on shares of Euronet Worldwide in a research note on Monday, April 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of Buy and an average price target of $120.75.

Euronet Worldwide Stock Down 1.9 %

Shares of EEFT opened at $103.61 on Monday. The stock has a fifty day simple moving average of $107.74 and a two-hundred day simple moving average of $97.14. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $4.75 billion, a PE ratio of 18.58 and a beta of 1.39. Euronet Worldwide has a 52-week low of $73.84 and a 52-week high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The firm had revenue of $957.70 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. As a group, equities analysts forecast that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Trading of Euronet Worldwide

A number of institutional investors have recently bought and sold shares of EEFT. Signaturefd LLC lifted its position in shares of Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 169 shares in the last quarter. VisionPoint Advisory Group LLC increased its stake in Euronet Worldwide by 101.8% in the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. GAMMA Investing LLC acquired a new position in Euronet Worldwide in the fourth quarter valued at $30,000. Quadrant Capital Group LLC increased its stake in Euronet Worldwide by 242.7% in the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares during the last quarter. Finally, CWM LLC increased its stake in Euronet Worldwide by 92.2% in 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 during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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.