Monness Crespi Hardt Downgrades Euronet Worldwide to Neutral

Brokerage firm Monness Crespi Hardt Downgrades its rating on Euronet Worldwide(NASDAQ:EEFT). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Monness Crespi Hardt was issued on Jun 10, 2016.

In a different note, On Apr 27, 2016, Avondale Partners said it Maintains its rating on Euronet Worldwide. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Market Outperform’ by the firm.

Euronet Worldwide (EEFT) shares turned negative on Wednesdays trading session with the shares closing down -0.15 points or -0.19% at a volume of 3,28,789. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $77.44. The peak price level was also seen at $77.44 while the days lowest was $76.49. Finally the shares closed at $76.81. The 52-week high of the shares is $82.49 while the 52-week low is $52. According to the latest information available, the market cap of the company is $3,998 M.

Euronet Worldwide(EEFT) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $437.90M. Analysts had an estimated revenue of $428.05M. Earnings per share were $0.69. Analysts had estimated an EPS of $0.68.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2016, M Jeannine Strandjord (director) purchased 2,000 shares at $66.38 per share price.Also, On Dec 18, 2015, Nikos Fountas (CEO EFT EMEA Division) sold 256 shares at $74.39 per share price.On Nov 18, 2015, Kevin J Caponecchi (CEO, epay and APAC Division) sold 68,030 shares at $77.22 per share price, according to the Form-4 filing with the securities and exchange commission.

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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