The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) reached all time high today, Oct, 13 and still has $109.55 target or 32.00% above today’s $82.99 share price. This indicates more upside for the $4.33 billion company. This technical setup was reported by Barchart.com. If the $109.55 PT is reached, the company will be worth $1.39B 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 92,559 shares traded hands. Euronet Worldwide, Inc. (NASDAQ:EEFT) has risen 21.60% since March 10, 2016 and is uptrending. It has outperformed by 14.08% 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 $66.78M for 16.21 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 7 analysts covering Euronet Worldwide (NASDAQ:EEFT), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Euronet Worldwide has been the topic of 11 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, December 23, the company rating was upgraded by Monness Crespi & Hardt. The firm has “Overweight” rating given on Wednesday, November 25 by Piper Jaffray. The firm earned “Neutral” rating on Friday, June 10 by Monness Crespi. The stock has “Buy” rating given by Piper Jaffray on Wednesday, September 2. The rating was maintained by Avondale with “Market Outperform” on Wednesday, April 27. The rating was initiated by Evercore with “Buy” on Tuesday, July 21. On Friday, July 31 the stock rating was downgraded by Monness Crespi & Hardt to “Neutral”. The rating was initiated by SunTrust on Wednesday, October 12 with “Buy”. The firm has “Outperform” rating given on Wednesday, January 20 by Northland Capital. The firm has “Market Perform” rating given on Thursday, February 11 by Avondale.
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 2016 Q2. 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.
State Of Wisconsin Inv Board last reported 0.01% of its portfolio in the stock. First Interstate National Bank & Trust has invested 0.01% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Copper Rock Capital Prns Limited has 403,121 shares for 2.11% of their US portfolio. Kcg Holdg accumulated 0.02% or 16,480 shares. Ahl Prtnrs Llp has invested 0.09% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Wells Fargo Mn holds 0.03% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 1.09 million shares. Moreover, Fiera Cap has 0.14% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 355,288 shares. First Republic Invest Mgmt last reported 5,006 shares in the company. The Luxembourg-based Pictet And Cie (Europe) has invested 0.05% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Kistler has 5 shares for 0% of their US portfolio. Moreover, Deutsche National Bank Ag has 0% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 76,750 shares. Glenmede Com Na holds 362,036 shares or 0.15% of its portfolio. National Bank & Trust Of New York Mellon holds 0% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 219,527 shares. Aristotle Boston Ltd Co last reported 2.17% of its portfolio in the stock. Vanguard Gru Incorporated has invested 0.02% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT).
Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 2 sales for $4.87 million net activity. Caponecchi Kevin J sold 58,573 shares worth $4.42M. NEWMAN JEFFREY B had sold 5,772 shares worth $449,062.
More recent Euronet Worldwide, Inc. (NASDAQ:EEFT) news were published by: Fool.com which released: “What to Watch When Euronet Worldwide, Inc. Reports Earnings” on July 25, 2016. Also Fool.com published the news titled: “Why Euronet Worldwide, Inc. Plunged Today” on February 10, 2016. Fool.com‘s news article titled: “Euronet Worldwide Inc.: Money Transfer Business Charges Ahead” with publication date: October 26, 2015 was also an interesting one.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.