Euronet Worldwide, Inc. (EEFT) Given Average Recommendation of “Buy” by Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been given an average rating of “Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $111.50.

EEFT has been the topic of several research reports. Northland Securities reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a research report on Thursday, October 19th. Piper Jaffray Companies reissued a “buy” rating and set a $112.00 price target on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Goldman Sachs Group initiated coverage on shares of Euronet Worldwide in a research report on Thursday, December 14th. They set a “buy” rating and a $110.00 price target on the stock.

Shares of Euronet Worldwide (NASDAQ:EEFT) opened at $88.70 on Friday. The company has a market cap of $4,672.80, a price-to-earnings ratio of 21.27, a P/E/G ratio of 1.17 and a beta of 1.43. Euronet Worldwide has a 52-week low of $70.78 and a 52-week high of $101.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44.

In other Euronet Worldwide news, CEO Nikos Fountas sold 296 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $92.00, for a total transaction of $27,232.00. Following the sale, the chief executive officer now directly owns 550 shares of the company’s stock, valued at approximately $50,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Rick Weller sold 15,601 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $92.01, for a total transaction of $1,435,448.01. Following the transaction, the chief financial officer now owns 80,285 shares in the company, valued at $7,387,022.85. The disclosure for this sale can be found here. Insiders have sold a total of 28,297 shares of company stock worth $2,603,604 over the last three months. Insiders own 7.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EEFT. Principal Financial Group Inc. increased its stake in shares of Euronet Worldwide by 8.7% during the 2nd quarter. Principal Financial Group Inc. now owns 11,021 shares of the business services provider’s stock worth $963,000 after purchasing an additional 879 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Euronet Worldwide by 1.2% during the 2nd quarter. Alliancebernstein L.P. now owns 31,645 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 390 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Euronet Worldwide by 17.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 36,254 shares of the business services provider’s stock worth $3,168,000 after purchasing an additional 5,481 shares during the last quarter. Northern Trust Corp increased its stake in shares of Euronet Worldwide by 1.1% during the 2nd quarter. Northern Trust Corp now owns 305,635 shares of the business services provider’s stock worth $26,704,000 after purchasing an additional 3,384 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Euronet Worldwide by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock worth $345,863,000 after purchasing an additional 69,689 shares during the last quarter. Institutional investors own 93.95% of the company’s stock.

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About Euronet Worldwide

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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