Euronet Worldwide (NASDAQ:EEFT) had its price objective lifted by SunTrust Banks to $145.00 in a research report sent to investors on Monday, The Fly reports. They currently have a buy rating on the business services provider’s stock.

A number of other equities analysts have also commented on the stock. BidaskClub upgraded shares of Euronet Worldwide from a buy rating to a strong-buy rating in a research report on Wednesday, January 16th. Zacks Investment Research upgraded shares of Euronet Worldwide from a hold rating to a buy rating and set a $117.00 price target on the stock in a research report on Tuesday, December 18th. Finally, Needham & Company LLC restated a buy rating and issued a $160.00 price target (up from $135.00) on shares of Euronet Worldwide in a research report on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $136.75.

Shares of Euronet Worldwide stock opened at $129.29 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.55. Euronet Worldwide has a twelve month low of $70.67 and a twelve month high of $134.00. The stock has a market cap of $6.64 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, February 7th. The business services provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. The business had revenue of $649.40 million for the quarter, compared to analyst estimates of $663.82 million. Euronet Worldwide had a net margin of 9.18% and a return on equity of 25.64%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. Research analysts forecast that Euronet Worldwide will post 6.58 earnings per share for the current year.

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 50,922 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $119.53, for a total value of $6,086,706.66. Following the completion of the transaction, the chief executive officer now directly owns 97,774 shares of the company’s stock, valued at $11,686,926.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Rick Weller sold 40,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,944 shares of the company’s stock, valued at $4,083,802.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,439 shares of company stock worth $19,215,436. Company insiders own 7.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in EEFT. CWM LLC raised its stake in shares of Euronet Worldwide by 66.1% in the fourth quarter. CWM LLC now owns 294 shares of the business services provider’s stock worth $30,000 after acquiring an additional 117 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Euronet Worldwide by 163.0% in the fourth quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock worth $68,000 after acquiring an additional 414 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Euronet Worldwide by 21.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock worth $87,000 after acquiring an additional 150 shares during the last quarter. Hanseatic Management Services Inc. bought a new position in shares of Euronet Worldwide in the fourth quarter worth about $113,000. Finally, Huntington National Bank raised its stake in shares of Euronet Worldwide by 183.7% in the fourth quarter. Huntington National Bank now owns 1,129 shares of the business services provider’s stock worth $116,000 after acquiring an additional 731 shares during the last quarter.

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 operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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