Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $145.00

Euronet Worldwide (NASDAQ:EEFT) had its price target hoisted by Monness Crespi & Hardt from $140.00 to $145.00 in a research report released on Monday, MarketBeat.com reports. Monness Crespi & Hardt currently has a neutral rating on the business services provider’s stock.

A number of other equities analysts have also recently commented on the stock. Citigroup lifted their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a buy rating in a report on Tuesday, May 28th. William Blair reaffirmed an outperform rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Wolfe Research raised shares of Euronet Worldwide from an underperform rating to a peer perform rating in a report on Friday, May 17th. Evercore ISI lifted their target price on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a report on Tuesday, March 26th. Finally, Needham & Company LLC lifted their target price on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a buy rating in a report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $124.11.

Euronet Worldwide Stock Down 2.9 %

EEFT stock opened at $98.23 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.85. Euronet Worldwide has a twelve month low of $73.84 and a twelve month high of $117.66. The company’s 50 day moving average is $108.68 and its two-hundred day moving average is $106.95. The stock has a market cap of $4.50 billion, a P/E ratio of 17.29 and a beta of 1.45.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company earned $1.84 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts expect that Euronet Worldwide will post 7.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors have recently made changes to their positions in EEFT. Norges Bank purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth $54,947,000. Ophir Asset Management Pty Ltd purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth $31,186,000. Burgundy Asset Management Ltd. boosted its position in shares of Euronet Worldwide by 67.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 746,579 shares of the business services provider’s stock worth $75,770,000 after purchasing an additional 301,771 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth $23,728,000. Finally, Wasatch Advisors LP boosted its position in shares of Euronet Worldwide by 51.2% during the 4th quarter. Wasatch Advisors LP now owns 579,334 shares of the business services provider’s stock worth $58,797,000 after purchasing an additional 196,161 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Company Profile

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.