DA Davidson Cuts Euronet Worldwide (NASDAQ:EEFT) Price Target to $112.00

Euronet Worldwide (NASDAQ:EEFT) had its price objective reduced by DA Davidson from $124.00 to $112.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

EEFT has been the topic of several other reports. Wolfe Research restated an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research report on Thursday, January 8th. Monness Crespi & Hardt cut Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods dropped their price target on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. Oppenheimer cut their price objective on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Finally, Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $108.33.

Euronet Worldwide Stock Up 4.4%

Shares of EEFT stock opened at $75.02 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15. Euronet Worldwide has a one year low of $67.00 and a one year high of $114.25. The company’s fifty day moving average price is $74.82 and its 200-day moving average price is $82.68. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.56 and a beta of 0.82.

Institutional Trading of Euronet Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legato Capital Management LLC boosted its position in shares of Euronet Worldwide by 16.2% during the fourth quarter. Legato Capital Management LLC now owns 3,306 shares of the business services provider’s stock valued at $252,000 after buying an additional 461 shares during the period. Leonteq Securities AG bought a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $104,000. Covestor Ltd boosted its holdings in Euronet Worldwide by 86.4% during the 4th quarter. Covestor Ltd now owns 1,599 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 741 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Euronet Worldwide during the 4th quarter valued at $947,000. Finally, Gabelli Funds LLC bought a new position in Euronet Worldwide in the 4th quarter valued at $1,021,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Company Profile

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.