Analyst Rating Update on Euronet Worldwide (EEFT)

Euronet Worldwide (NASDAQ:EEFT) : The consensus on Euronet Worldwide (NASDAQ:EEFT) based on 6 analyst recommendation on the company stock is 1.17, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.

Euronet Worldwide (NASDAQ:EEFT) : Currently there are 4 street experts covering Euronet Worldwide (NASDAQ:EEFT) stock. The most bullish and bearish price target for the stock is $89 and $83 respectively for the short term. The average price target of all the analysts comes to $85.5. The estimated standard deviation from the target is $2.65.

For the current week, the company shares have a recommendation consensus of Buy. Also, Monness Crespi Hardt downgrades their rating on the shares of Euronet Worldwide (NASDAQ:EEFT). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 10, 2016.

Euronet Worldwide (NASDAQ:EEFT): stock turned positive on Tuesday. Though the stock opened at $66.39, the bulls momentum made the stock top out at $68.35 level for the day. The stock recorded a low of $66.39 and closed the trading day at $68.31, in the green by 4.16%. The total traded volume for the day was 908,965. The stock had closed at $65.58 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Euronet Worldwide Inc, Strandjord M Jeannine, had purchased 2,000 shares in a transaction dated on February 19, 2016. The transaction was executed at $66.38 per share with total amount equaling $132,760.

Euronet Worldwide, Inc. (Euronet) is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. The Company operates in three segments: The 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; The 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 the 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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