Euronet Worldwide (NASDAQ:EEFT) Receives “Buy” Rating from DA Davidson

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a research report issued on Tuesday,Benzinga reports. They currently have a $112.00 price objective on the business services provider’s stock. DA Davidson’s price target points to a potential upside of 61.85% from the company’s current price.

EEFT has been the subject of several other reports. Weiss Ratings lowered shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 26th. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Wolfe Research reaffirmed an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a research note on Thursday, January 8th. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Finally, Keefe, Bruyette & Woods reduced their price target on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Friday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Trading Up 1.8%

Shares of EEFT stock traded up $1.24 on Tuesday, hitting $69.20. 298,209 shares of the company’s stock traded hands, compared to its average volume of 685,503. The company’s fifty day simple moving average is $74.33 and its 200 day simple moving average is $81.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.15 and a current ratio of 1.11. Euronet Worldwide has a one year low of $64.34 and a one year high of $114.25. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 0.53 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, February 12th. The business services provider reported $2.39 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.09). Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $2.08 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Equities analysts forecast that Euronet Worldwide will post 9.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Euronet Worldwide by 4.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 113 shares in the last quarter. Lecap Asset Management Ltd. lifted its stake in shares of Euronet Worldwide by 2.9% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 129 shares during the period. Evergreen Capital Management LLC boosted its holdings in Euronet Worldwide by 0.4% during the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock worth $3,450,000 after buying an additional 129 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Euronet Worldwide by 3.2% during the second quarter. Quadrant Capital Group LLC now owns 4,228 shares of the business services provider’s stock valued at $429,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.