The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) reached all time high today, Oct, 3 and still has $124.32 target or 51.00% above today’s $82.33 share price. This indicates more upside for the $4.34 billion company. This technical setup was reported by Barchart.com. If the $124.32 PT is reached, the company will be worth $2.21B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 257,470 shares traded hands or 14.29% up from the average. Euronet Worldwide, Inc. (NASDAQ:EEFT) has risen 24.86% since February 29, 2016 and is uptrending. It has outperformed by 12.64% the S&P500.
Analysts await Euronet Worldwide, Inc. (NASDAQ:EEFT) to report earnings on October, 19. They expect $1.28 earnings per share, up 26.73% or $0.27 from last year’s $1.01 per share. EEFT’s profit will be $67.47 million for 16.08 P/E if the $1.28 EPS becomes a reality. After $0.89 actual earnings per share reported by Euronet Worldwide, Inc. for the previous quarter, Wall Street now forecasts 43.82% EPS growth.
Euronet Worldwide, Inc. (NASDAQ:EEFT) Ratings Coverage
Out of 6 analysts covering Euronet Worldwide (NASDAQ:EEFT), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Euronet Worldwide has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) has “Buy” rating given on Tuesday, July 21 by Evercore. The firm earned “Market Perform” rating on Thursday, February 11 by Avondale. The rating was downgraded by Monness Crespi & Hardt to “Neutral” on Friday, July 31. The company was upgraded on Wednesday, December 23 by Monness Crespi & Hardt. Monness Crespi downgraded the stock to “Neutral” rating in Friday, June 10 report. The firm earned “Overweight” rating on Wednesday, November 25 by Piper Jaffray. Avondale maintained the shares of EEFT in a report on Wednesday, April 27 with “Market Outperform” rating. As per Wednesday, January 20, the company rating was initiated by Northland Capital. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, September 2 report.
According to Zacks Investment Research, “Euronet Services Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. (Press Release)”
Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.39, from 0.78 in 2016Q1. The ratio is positive, as 23 funds sold all Euronet Worldwide, Inc. shares owned while 89 reduced positions. 52 funds bought stakes while 79 increased positions. They now own 45.61 million shares or 4.39% less from 47.71 million shares in 2016Q1.
Renaissance Gru Ltd Llc accumulated 0.01% or 3,864 shares. Hanseatic Mngmt Services holds 0% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 42 shares. Fuller & Thaler Asset Incorporated has 0% invested in the company for 1,450 shares. Great West Life Assurance Can has invested 0% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Ahl Ltd Liability Partnership accumulated 23,127 shares or 0.09% of the stock. The New York-based Tower Research Capital Ltd Liability (Trc) has invested 0% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Manufacturers Life The holds 0% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 2,007 shares. Bbva Compass has 0.03% invested in the company for 5,552 shares. Crestpoint Mgmt Limited Company holds 0.75% or 20,300 shares in its portfolio. Moreover, Fred Alger Inc has 0.09% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 257,096 shares. Mckinley Cap Mngmt Delaware accumulated 0% or 70 shares. The North Carolina-based Sheets Smith Wealth Mngmt has invested 0.08% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Dupont Management has 0.02% invested in the company for 12,966 shares. Geneva Advsrs Lc has 0.06% invested in the company for 46,995 shares. Tudor Investment Et Al has invested 0.01% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT).
Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 2 sales for $4.87 million net activity. NEWMAN JEFFREY B also sold $449,062 worth of Euronet Worldwide, Inc. (NASDAQ:EEFT) shares. Shares for $4.42 million were sold by Caponecchi Kevin J.
More important recent Euronet Worldwide, Inc. (NASDAQ:EEFT) news were published by: Fool.com which released: “Why Euronet Worldwide, Inc. Plunged Today” on February 10, 2016, also Fool.com published article titled: “Euronet Worldwide Inc.: Money Transfer Business Charges Ahead”, Fool.com published: “Euronet Worldwide Capitalizes on Transaction Demand” on July 26, 2016. More interesting news about Euronet Worldwide, Inc. (NASDAQ:EEFT) was released by: Globenewswire.com and their article: “Euronet Worldwide Acquires XE, the World’s Trusted Currency Authority” with publication date: July 06, 2015.
EEFT Company Profile
Euronet Worldwide, Inc. (Euronet), incorporated on December 13, 1996, is an electronic payments provider. The Firm offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. The Company’s product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services; software solutions; electronic distribution of prepaid mobile airtime and other electronic payment products, and global money transfer services. The Firm operates in three divisions: EFT Processing Segment, which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services; epay Segment, which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products, cards and services, and Money Transfer Segment, which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.
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