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

Euronet Worldwide (NASDAQ:EEFT) had its price objective upped by Monness Crespi & Hardt from $140.00 to $145.00 in a report published on Monday, MarketBeat reports. They currently have a neutral rating on the business services provider’s stock.

Several other brokerages have also recently weighed in on EEFT. Citigroup lifted their price objective on Euronet Worldwide from $120.00 to $135.00 and gave the company a buy rating in a report on Tuesday, May 28th. DA Davidson lifted their price objective on Euronet Worldwide from $126.00 to $136.00 and gave the company a buy rating in a report on Friday, May 3rd. William Blair reaffirmed an outperform rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Wolfe Research raised Euronet Worldwide from an underperform rating to a peer perform rating in a report on Friday, May 17th. Finally, Needham & Company LLC boosted their price target on Euronet Worldwide from $120.00 to $125.00 and gave the stock a buy rating in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Euronet Worldwide has an average rating of Moderate Buy and a consensus price target of $124.11.

Euronet Worldwide Stock Performance

EEFT opened at $98.39 on Monday. The business has a fifty day simple moving average of $108.34 and a 200 day simple moving average of $106.89. The company has a market capitalization of $4.51 billion, a PE ratio of 17.32 and a beta of 1.45. Euronet Worldwide has a 1 year low of $73.84 and a 1 year high of $117.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.33.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.21. The business had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 EPS. Research analysts expect that Euronet Worldwide will post 7.9 EPS for the current year.

Institutional Investors Weigh In On Euronet Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. Norges Bank bought a new stake in Euronet Worldwide during the 4th quarter worth $54,947,000. Ophir Asset Management Pty Ltd bought a new stake in Euronet Worldwide during the 4th quarter worth $31,186,000. Burgundy Asset Management Ltd. grew its position in 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 acquiring an additional 301,771 shares during the last quarter. Kodai Capital Management LP bought a new stake in Euronet Worldwide during the 4th quarter worth $23,728,000. Finally, Wasatch Advisors LP grew its position in 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 acquiring an additional 196,161 shares during the last quarter. Institutional investors 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.