Euronet Worldwide (NASDAQ:EEFT) PT Raised to $136.00

Euronet Worldwide (NASDAQ:EEFT) had its price target boosted by analysts at DA Davidson from $126.00 to $136.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. DA Davidson’s price target would suggest a potential upside of 23.37% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Evercore ISI increased their price target on shares of Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Stephens raised Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a report on Thursday, February 1st. Needham & Company LLC boosted their price target on Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. Monness Crespi & Hardt started coverage on Euronet Worldwide in a research report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price target on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.89.

Euronet Worldwide Stock Up 3.0 %

NASDAQ EEFT traded up $3.16 during mid-day trading on Friday, reaching $110.24. 285,392 shares of the company’s stock traded hands, compared to its average volume of 272,910. The company has a current ratio of 1.33, a quick ratio of 1.54 and a debt-to-equity ratio of 1.01. Euronet Worldwide has a 1-year low of $73.84 and a 1-year high of $121.55. The company has a fifty day simple moving average of $107.34 and a 200-day simple moving average of $98.58. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 19.41 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The business had revenue of $957.70 million during the quarter, compared to the consensus estimate of $844.59 million. During the same quarter last year, the company earned $1.12 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts expect that Euronet Worldwide will post 7.51 EPS for the current year.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in shares of Euronet Worldwide by 26.4% in the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock worth $51,000 after acquiring an additional 105 shares during the period. M&T Bank Corp grew its position in Euronet Worldwide by 3.8% in the 3rd quarter. M&T Bank Corp now owns 3,807 shares of the business services provider’s stock worth $303,000 after purchasing an additional 141 shares during the last quarter. Signaturefd LLC increased its stake in shares of Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 169 shares during the period. VisionPoint Advisory Group LLC raised its holdings in shares of Euronet Worldwide by 101.8% during the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after buying an additional 171 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in shares of Euronet Worldwide by 5.5% during the third quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock worth $283,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Euronet Worldwide

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.