Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Has Consensus Target Price of $94.00 According to Analysts

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $81.60.

A number of analysts have recently weighed in on EEFT shares. Stephens initiated coverage on shares of Euronet Worldwide in a report on Friday, October 16th. They issued an “equal weight” rating and a $71.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and issued a $102.00 price target on shares of Euronet Worldwide in a report on Friday, July 10th. Wolfe Research lowered their price target on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, August 25th. Needham & Company LLC lifted their price target on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings cut Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th.

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors have recently modified their holdings of EEFT. BlackRock Inc. bought a new position in shares of Euronet Worldwide during the 2nd quarter valued at approximately $244,726,000. Jupiter Topco LLC bought a new stake in Euronet Worldwide in the second quarter worth $98,213,000. Turtle Creek Asset Management Inc. lifted its position in 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 buying an additional 572,194 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Euronet Worldwide in the 2nd quarter worth about $23,083,000. Finally, Bank of America Corp DE bought a new stake in Euronet Worldwide in the second quarter worth about $22,221,000. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Trading Down 0.3%

Shares of EEFT opened at $65.92 on Thursday. The stock has a market capitalization of $2.51 billion, a PE ratio of 10.35, a P/E/G ratio of 0.54 and a beta of 0.85. The company’s fifty day moving average is $67.79 and its 200 day moving average is $70.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. Euronet Worldwide has a fifty-two week low of $61.62 and a fifty-two week high of $89.44.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 EPS 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%. During the same quarter in the prior year, the business posted $2.56 EPS. Euronet Worldwide’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts expect that Euronet Worldwide will post 9.50 earnings per share for the current fiscal year.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global provider of electronic payment and transaction-processing services. Founded in 1994 and headquartered in Leawood, Kansas, the company serves financial institutions, retailers, mobile network operators, businesses and consumers through operations in markets around the world.

Euronet operates through three principal business segments: electronic financial transactions, epay and money transfer. Its electronic financial transaction business provides automated teller machine (ATM) services, point-of-sale services, card outsourcing, electronic payment processing and related financial technology solutions.