Euronet Worldwide (NASDAQ:EEFT) Price Target Increased to $116.00 by Analysts at Keefe, Bruyette & Woods

Euronet Worldwide (NASDAQ:EEFT) had its target price boosted by analysts at Keefe, Bruyette & Woods from $115.00 to $116.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 5.22% from the company’s current price.

Several other research analysts have also commented on EEFT. DA Davidson reiterated a “buy” rating and set a $126.00 price objective on shares of Euronet Worldwide in a research note on Monday, April 15th. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research report on Wednesday. Monness Crespi & Hardt began coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price objective on the stock. Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Thursday, February 1st. Finally, Citigroup upgraded Euronet Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $120.00 in a research note on Monday, April 22nd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.89.

Euronet Worldwide Stock Up 3.0 %

EEFT stock traded up $3.16 during trading on Thursday, hitting $110.24. 285,392 shares of the company’s stock traded hands, compared to its average volume of 272,910. The firm has a market capitalization of $5.06 billion, a P/E ratio of 19.41 and a beta of 1.39. Euronet Worldwide has a 1 year low of $73.84 and a 1 year high of $121.55. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $107.34 and a two-hundred day simple moving average of $98.44.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. The business had revenue of $957.70 million for the quarter, compared to the consensus estimate of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. Sell-side analysts anticipate that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Investors Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in Euronet Worldwide by 17.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock worth $294,500,000 after purchasing an additional 548,457 shares during the period. Norges Bank acquired a new position in shares of Euronet Worldwide during the 4th quarter worth approximately $54,947,000. Burgundy Asset Management Ltd. purchased a new position in shares of Euronet Worldwide during the 3rd quarter valued at approximately $35,309,000. Van Berkom & Associates Inc. grew its stake in Euronet Worldwide by 48.6% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock valued at $84,912,000 after acquiring an additional 349,720 shares during the period. Finally, Ophir Asset Management Pty Ltd acquired a new stake in Euronet Worldwide in the 4th quarter valued at $31,186,000. Institutional investors and hedge funds own 91.60% 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. 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.