Euronet Worldwide (NASDAQ:EEFT) had its target price boosted by Citigroup from $168.00 to $189.00 in a report released on Monday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Citigroup‘s price objective points to a potential upside of 30.11% from the company’s current price.
EEFT has been the subject of several other reports. DA Davidson lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 price objective for the company. in a research note on Thursday, June 13th. They noted that the move was a valuation call. Wolfe Research initiated coverage on shares of Euronet Worldwide in a research note on Wednesday, July 31st. They issued an “outperform” rating and a $200.00 target price on the stock. BidaskClub lowered shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, ValuEngine cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Euronet Worldwide has an average rating of “Buy” and an average price target of $165.40.
Shares of EEFT opened at $145.26 on Monday. Euronet Worldwide has a 1 year low of $91.78 and a 1 year high of $171.25. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $153.01 and a 200-day simple moving average of $151.68. The stock has a market cap of $7.91 billion, a PE ratio of 27.36, a PEG ratio of 1.71 and a beta of 1.16.
In related news, CEO Juan Bianchi sold 20,994 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $152.51, for a total transaction of $3,201,794.94. Following the completion of the sale, the chief executive officer now directly owns 20,994 shares of the company’s stock, valued at approximately $3,201,794.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of EEFT. Stephens Investment Management Group LLC grew its holdings in Euronet Worldwide by 0.9% during the 2nd quarter. Stephens Investment Management Group LLC now owns 550,611 shares of the business services provider’s stock worth $92,635,000 after acquiring an additional 5,043 shares during the last quarter. Camden Asset Management L P CA acquired a new stake in shares of Euronet Worldwide in the first quarter valued at approximately $3,237,000. CIBC Asset Management Inc acquired a new stake in shares of Euronet Worldwide in the first quarter valued at approximately $257,000. Highland Capital Management LLC bought a new position in Euronet Worldwide in the 2nd quarter worth approximately $3,199,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Euronet Worldwide in the 1st quarter worth approximately $1,235,000. 92.73% of the stock is currently owned by institutional investors.
About Euronet Worldwide
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.
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