Euronet Worldwide (EEFT) Trading 2.3% Higher Following Analyst Upgrade
Euronet Worldwide, Inc. (NASDAQ:EEFT)’s share price traded up 2.3% during trading on Monday after DA Davidson raised their price target on the stock to $152.00. DA Davidson currently has a buy rating on the stock. Euronet Worldwide traded as high as $129.33 and last traded at $129.50. 37,607 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 417,844 shares. The stock had previously closed at $126.57.
Several other equities research analysts have also recently weighed in on the stock. SunTrust Banks upped their price target on shares of Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target (up previously from $135.00) on shares of Euronet Worldwide in a research report on Monday. Zacks Investment Research cut shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Finally, BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Euronet Worldwide currently has an average rating of “Buy” and an average price target of $136.75.
In related news, CFO Rick Weller sold 40,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the completion of the sale, the chief financial officer now owns 33,944 shares of the company’s stock, valued at $4,083,802.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin J. Caponecchi sold 50,922 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $119.53, for a total transaction of $6,086,706.66. Following the sale, the chief executive officer now directly owns 97,774 shares of the company’s stock, valued at approximately $11,686,926.22. The disclosure for this sale can be found here. Insiders have sold 197,716 shares of company stock valued at $23,154,994 in the last three months. 7.40% of the stock is currently owned by corporate insiders.
The firm has a market capitalization of $6.53 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12. 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 (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, February 7th. The business services provider reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. The firm 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 business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 earnings per share. Analysts predict that Euronet Worldwide, Inc. will post 6.58 earnings per share for the current fiscal year.
WARNING: This story was published by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.watchlistnews.com/euronet-worldwide-eeft-trading-2-3-higher-following-analyst-upgrade/2813243.html.
About Euronet Worldwide (NASDAQ:EEFT)
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.
Read More: Buyback
Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.