Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $96.00 Average Price Target from Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. One equities research 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $96.00.

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Euronet Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Needham & Company LLC upped their price target on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $102.00 price objective on shares of Euronet Worldwide in a report on Friday, July 10th.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of Euronet Worldwide stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $66.87 per share, with a total value of $200,610.00. Following the transaction, the director directly owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Euronet Worldwide

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Euronet Worldwide by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,767,279 shares of the business services provider’s stock valued at $286,728,000 after purchasing an additional 26,416 shares in the last quarter. Bank of Montreal Can increased its position in Euronet Worldwide by 933.8% during the 4th quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock valued at $151,739,000 after buying an additional 1,800,837 shares in the last quarter. Turtle Creek Asset Management Inc. increased its position in Euronet Worldwide by 44.9% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock valued at $122,588,000 after buying an additional 572,194 shares in the last quarter. Reinhart Partners LLC. raised its stake in Euronet Worldwide by 9.2% during the second quarter. Reinhart Partners LLC. now owns 1,627,141 shares of the business services provider’s stock valued at $119,091,000 after buying an additional 136,613 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Euronet Worldwide by 3.6% during the first quarter. Janus Henderson Group PLC now owns 1,406,556 shares of the business services provider’s stock valued at $93,353,000 after buying an additional 48,990 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

EEFT stock opened at $73.47 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 1.28. Euronet Worldwide has a 1 year low of $62.50 and a 1 year high of $98.52. The firm has a 50-day moving average of $72.94 and a 200 day moving average of $71.56. The company has a market cap of $2.80 billion, a P/E ratio of 11.53, a PEG ratio of 0.56 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last posted 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 had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts forecast that Euronet Worldwide will post 9.83 EPS for the current year.

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.