Euronet Worldwide (NASDAQ:EEFT) Given New $190.00 Price Target at Citigroup
Euronet Worldwide (NASDAQ:EEFT) had its price target raised by stock analysts at Citigroup from $175.00 to $190.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Citigroup‘s target price points to a potential upside of 16.24% from the stock’s previous close.
EEFT has been the subject of several other research reports. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price target on shares of Euronet Worldwide in a research note on Monday, November 18th. Northland Securities reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 1st. ValuEngine lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. DA Davidson upped their target price on Euronet Worldwide from $174.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Euronet Worldwide currently has an average rating of “Buy” and a consensus price target of $172.67.
Shares of Euronet Worldwide stock traded down $3.20 during trading on Wednesday, hitting $163.46. The company’s stock had a trading volume of 147,588 shares, compared to its average volume of 308,755. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. Euronet Worldwide has a 52 week low of $109.80 and a 52 week high of $171.25. The stock has a 50-day moving average price of $159.19 and a two-hundred day moving average price of $153.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.88 and a quick ratio of 1.88.
In other Euronet Worldwide news, SVP Martin L. Bruckner sold 12,893 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $153.97, for a total transaction of $1,985,135.21. Following the transaction, the senior vice president now directly owns 17,898 shares in the company, valued at approximately $2,755,755.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin J. Caponecchi sold 33,565 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $153.43, for a total transaction of $5,149,877.95. Following the sale, the chief executive officer now directly owns 85,064 shares of the company’s stock, valued at approximately $13,051,369.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,778 shares of company stock valued at $19,588,030. Company insiders own 6.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EEFT. Creative Planning grew its stake in shares of Euronet Worldwide by 0.3% in the 3rd quarter. Creative Planning now owns 27,408 shares of the business services provider’s stock valued at $4,010,000 after buying an additional 76 shares during the period. Pinnacle Financial Partners Inc. raised its stake in Euronet Worldwide by 5.8% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 1,596 shares of the business services provider’s stock worth $234,000 after buying an additional 88 shares during the period. Ropes Wealth Advisors LLC boosted its holdings in Euronet Worldwide by 114.5% in the third quarter. Ropes Wealth Advisors LLC now owns 236 shares of the business services provider’s stock worth $35,000 after acquiring an additional 126 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Euronet Worldwide by 4.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,853 shares of the business services provider’s stock worth $564,000 after acquiring an additional 167 shares in the last quarter. Finally, Boston Advisors LLC boosted its holdings in Euronet Worldwide by 1.1% in the third quarter. Boston Advisors LLC now owns 15,458 shares of the business services provider’s stock worth $2,262,000 after acquiring an additional 168 shares in the last quarter. Institutional investors own 92.72% of the company’s stock.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.
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