Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $94.00 Consensus Target Price from Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $94.00.

A number of brokerages recently weighed in on EEFT. Weiss Ratings downgraded Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. DA Davidson restated a “buy” rating and issued a $102.00 price objective on shares of Euronet Worldwide in a research note on Friday, July 10th. Needham & Company LLC raised their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Wolfe Research dropped their target price on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, August 25th.

Institutional Trading of Euronet Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Euronet Worldwide in the 2nd quarter valued at approximately $244,726,000. Jupiter Topco LLC bought a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $98,213,000. Turtle Creek Asset Management Inc. lifted its position in shares of Euronet Worldwide by 44.9% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock worth $122,588,000 after buying an additional 572,194 shares during the period. Brown Advisory Inc. acquired a new stake in Euronet Worldwide in the 4th quarter valued at $37,523,000. Finally, Norges Bank acquired a new stake in Euronet Worldwide in the 4th quarter valued at $34,345,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of EEFT opened at $65.69 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $2.50 billion, a PE ratio of 10.31, a PEG ratio of 0.53 and a beta of 0.83. The firm’s 50 day moving average price is $73.02 and its 200 day moving average price is $71.26. Euronet Worldwide has a twelve month low of $62.50 and a twelve month high of $90.56.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, July 30th. The business services provider reported $2.82 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.56 earnings per share. As a group, research analysts expect that Euronet Worldwide will post 9.55 EPS for the current fiscal year.

About Euronet Worldwide

Euronet Worldwide, Inc provides electronic payment and transaction-processing services through a global network of automated teller machines, point-of-sale terminals, money-transfer locations and digital platforms. The company serves financial institutions, retailers, mobile operators, money-transfer agents and consumers.

Euronet operates through three primary business areas: EFT Processing, which includes ATM services, electronic payment processing and related financial technology; epay, which distributes prepaid mobile airtime, gift cards and other electronic payment products; and Money Transfer, which provides international and domestic remittance services through the Ria Money Transfer and xe brands, among others.

Headquartered in Leawood, Kansas, Euronet was founded in 1994 and initially focused on developing ATM networks in Central Europe before expanding into broader payment-processing and money-transfer services.