Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $94.00 Consensus Price Target from Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $94.00.

Several brokerages recently weighed in on EEFT. DA Davidson reaffirmed a “buy” rating and issued a $102.00 target price on shares of Euronet Worldwide in a research report on Friday, July 10th. Needham & Company LLC upped their price objective on shares of Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wolfe Research decreased their price target on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, August 25th. Finally, Weiss Ratings cut Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $69.95 on Wednesday. Euronet Worldwide has a fifty-two week low of $62.50 and a fifty-two week high of $94.21. The stock has a market cap of $2.66 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.56 and a beta of 0.82. The firm’s fifty day simple moving average is $74.15 and its 200-day simple moving average is $71.33. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.Euronet Worldwide’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 EPS. Analysts expect that Euronet Worldwide will post 9.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Several large investors have recently made changes to their positions in EEFT. Vanguard Group Inc. boosted its position 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 worth $286,728,000 after buying an additional 26,416 shares during the period. BlackRock Inc. bought a new stake in Euronet Worldwide during the 2nd quarter valued at $244,726,000. California State Teachers Retirement System boosted its position in Euronet Worldwide by 6,067.4% during the 2nd quarter. California State Teachers Retirement System now owns 2,967,928 shares of the business services provider’s stock worth $217,223,000 after acquiring an additional 2,919,805 shares during the period. Bank of Montreal Can boosted 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 worth $151,739,000 after acquiring an additional 1,800,837 shares during the period. Finally, Turtle Creek Asset Management Inc. grew its stake in shares of Euronet Worldwide by 44.9% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock worth $122,588,000 after purchasing an additional 572,194 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.