Brokerages Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Target Price at $111.33

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $111.3333.

A number of equities research analysts recently issued reports on EEFT shares. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Wolfe Research reissued an “underperform” rating and issued a $80.00 price target on shares of Euronet Worldwide in a research note on Thursday, January 8th. Weiss Ratings upgraded shares of Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, October 24th. Finally, Wall Street Zen lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $74.57 on Tuesday. Euronet Worldwide has a one year low of $68.56 and a one year high of $114.25. The stock has a market cap of $3.13 billion, a PE ratio of 10.92, a P/E/G ratio of 0.58 and a beta of 0.84. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average price of $74.53 and a 200 day moving average price of $85.79.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.04. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business earned $3.03 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Equities research analysts expect that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Institutional Trading of Euronet Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of EEFT. Johnson Financial Group Inc. purchased a new position in Euronet Worldwide during the third quarter worth about $26,000. Danske Bank A S purchased a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $26,000. Allworth Financial LP lifted its holdings in shares of Euronet Worldwide by 248.7% in the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after acquiring an additional 189 shares during the last quarter. First Horizon Corp purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares during the period. 91.60% of the stock is currently 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.