Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Has Consensus Target Price of $94.00

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $81.60.

Several equities analysts have recently weighed in on EEFT shares. Needham & Company LLC lifted their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Stephens began coverage on shares of Euronet Worldwide in a research note on Friday. They set an “equal weight” rating and a $71.00 price target on the stock. Wolfe Research dropped their price target on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 25th. DA Davidson reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Euronet Worldwide in a report on Friday, July 10th. Finally, 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.

Euronet Worldwide Trading Down 0.8%

Shares of Euronet Worldwide stock opened at $65.00 on Thursday. Euronet Worldwide has a 52-week low of $61.62 and a 52-week high of $89.44. The stock’s 50-day simple moving average is $68.11 and its 200 day simple moving average is $70.51. The stock has a market capitalization of $2.48 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.53 and a beta of 0.85. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data 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%. Euronet Worldwide’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.56 EPS. As a group, research analysts anticipate that Euronet Worldwide will post 9.50 EPS for the current year.

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors have recently made changes to their positions in the stock. Reinhart Partners LLC. boosted its holdings in shares of Euronet Worldwide by 0.8% in the third quarter. Reinhart Partners LLC. now owns 1,640,380 shares of the business services provider’s stock worth $103,131,000 after acquiring an additional 13,239 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Euronet Worldwide by 16.7% in the second quarter. Sequoia Financial Advisors LLC now owns 7,216 shares of the business services provider’s stock valued at $528,000 after purchasing an additional 1,035 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $2,277,000. Integrated Wealth Concepts LLC bought a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $75,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $250,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Euronet Worldwide

Euronet Worldwide, Inc (NASDAQ: EEFT) is a global electronic payments and transaction processing company. Headquartered in Leawood, Kansas, the company provides payment and financial technology services to financial institutions, retailers, mobile operators, money transfer providers and consumers.

Euronet operates through three principal business areas: electronic funds transfer processing, epay and money transfer. Its electronic funds transfer services include automated teller machine and point-of-sale processing, electronic payment solutions, outsourced transaction processing and related network services.