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

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

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

Euronet Worldwide Price Performance

EEFT opened at $69.95 on Wednesday. The stock’s 50 day simple moving average is $74.15 and its 200 day simple moving average is $71.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 1.37. Euronet Worldwide has a 1 year low of $62.50 and a 1 year high of $94.21. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.55 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share 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 firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.56 earnings per share. As a group, analysts predict that Euronet Worldwide will post 9.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its position in shares of Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after buying an additional 109 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Euronet Worldwide by 0.4% during the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after acquiring an additional 129 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Euronet Worldwide by 23.6% during the first quarter. Parallel Advisors LLC now owns 775 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 148 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Euronet Worldwide by 1.8% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,748 shares of the business services provider’s stock worth $666,000 after acquiring an additional 158 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Euronet Worldwide by 1.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,817 shares of the business services provider’s stock worth $823,000 after acquiring an additional 164 shares during the period. Institutional investors own 91.60% of the company’s stock.

About Euronet Worldwide

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.