Euronet Worldwide (NASDAQ:EEFT) had its target price lifted by equities research analysts at Lake Street Capital from $100.00 to $106.00 in a research note issued on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the business services provider’s stock. Lake Street Capital’s target price indicates a potential upside of 34.69% from the company’s current price.

A number of other brokerages have also issued reports on EEFT. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Northland Securities reaffirmed a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a research report on Thursday, October 19th. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, DA Davidson boosted their target price on shares of Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $111.71.

Euronet Worldwide (NASDAQ:EEFT) opened at $78.70 on Thursday. Euronet Worldwide has a 52-week low of $76.26 and a 52-week high of $101.07. The stock has a market cap of $4,187.09, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.05 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The business had revenue of $604.60 million for the quarter, compared to analyst estimates of $609.53 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Euronet Worldwide’s revenue was up 16.3% compared to the same quarter last year. analysts expect that Euronet Worldwide will post 5.07 EPS for the current fiscal year.

In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of Euronet Worldwide stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $91.22, for a total transaction of $1,824,400.00. Following the sale, the chief executive officer now owns 1,522,348 shares in the company, valued at $138,868,584.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rick Weller sold 12,400 shares of Euronet Worldwide stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the sale, the chief financial officer now owns 80,285 shares in the company, valued at approximately $7,387,022.85. The disclosure for this sale can be found here. Insiders have sold 48,297 shares of company stock worth $4,428,004 in the last quarter. Corporate insiders own 7.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of EEFT. Alliancebernstein L.P. boosted its stake in Euronet Worldwide by 1.2% during the second quarter. Alliancebernstein L.P. now owns 31,645 shares of the business services provider’s stock worth $2,765,000 after buying an additional 390 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Euronet Worldwide by 17.8% during the second quarter. UBS Asset Management Americas Inc. now owns 36,254 shares of the business services provider’s stock worth $3,168,000 after buying an additional 5,481 shares in the last quarter. Northern Trust Corp boosted its stake in Euronet Worldwide by 1.1% during the second quarter. Northern Trust Corp now owns 305,635 shares of the business services provider’s stock worth $26,704,000 after buying an additional 3,384 shares in the last quarter. California Public Employees Retirement System boosted its stake in Euronet Worldwide by 2.2% during the second quarter. California Public Employees Retirement System now owns 89,800 shares of the business services provider’s stock worth $7,846,000 after buying an additional 1,900 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Euronet Worldwide by 3.8% during the second quarter. Parametric Portfolio Associates LLC now owns 64,547 shares of the business services provider’s stock worth $5,639,000 after buying an additional 2,361 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

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Euronet Worldwide Company Profile

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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