Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $125.00

Euronet Worldwide (NASDAQ:EEFT) had its price target lifted by Needham & Company LLC from $120.00 to $125.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other research analysts have also recently commented on EEFT. Monness Crespi & Hardt started coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They issued a buy rating and a $140.00 price target on the stock. StockNews.com raised shares of Euronet Worldwide from a hold rating to a buy rating in a research report on Thursday, February 15th. William Blair reiterated an outperform rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Evercore ISI raised their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. Finally, Citigroup raised Euronet Worldwide from a neutral rating to a buy rating and lifted their target price for the company from $116.00 to $120.00 in a research report on Monday, April 22nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of Moderate Buy and a consensus target price of $121.89.

Euronet Worldwide Trading Up 3.0 %

Shares of EEFT stock opened at $110.24 on Thursday. The company has a market cap of $5.06 billion, a PE ratio of 19.41 and a beta of 1.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.33 and a quick ratio of 1.54. The stock’s 50 day simple moving average is $107.34 and its two-hundred day simple moving average is $98.74. Euronet Worldwide has a 1 year low of $73.84 and a 1 year high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.34. The firm had revenue of $957.70 million for the quarter, compared to the consensus estimate of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. Research analysts predict that Euronet Worldwide will post 7.51 earnings per share for the current year.

Hedge Funds Weigh In On Euronet Worldwide

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after buying an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in Euronet Worldwide by 101.8% in the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after purchasing an additional 171 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Euronet Worldwide during the fourth quarter worth $30,000. Quadrant Capital Group LLC increased its position in shares of Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after purchasing an additional 250 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Euronet Worldwide by 92.2% during the 3rd quarter. CWM LLC now owns 644 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 309 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.