Brokerages Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Price Target at $94.00

Euronet Worldwide, Inc. (NASDAQ:EEFT) has earned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $94.00.

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

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the business. Johnson Financial Group Inc. acquired a new stake in Euronet Worldwide in the 3rd quarter valued at approximately $26,000. Danske Bank A S acquired a new position in Euronet Worldwide during the 3rd quarter worth $26,000. Geneos Wealth Management Inc. boosted its position in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Euronet Worldwide in the fourth quarter worth $38,000. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of Euronet Worldwide during the second quarter valued at $42,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 2.0%

Shares of EEFT opened at $68.14 on Wednesday. Euronet Worldwide has a 12 month low of $62.50 and a 12 month high of $92.56. The stock’s 50-day moving average is $74.34 and its two-hundred day moving average is $71.28. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $2.59 billion, a PE ratio of 10.70, a P/E/G ratio of 0.56 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last announced 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 net margin of 6.63% and a return on equity of 28.60%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.56 EPS. Equities analysts forecast that Euronet Worldwide will post 9.55 earnings per share for the current fiscal year.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.