Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Has Average Target Price of $94.00

Key Points

• Euronet Worldwide has a consensus “Hold” rating from seven analysts, split among one sell, three hold, and three buy recommendations. The average 12-month price target is $94.00.
• The stock opened at $63.78, below its 50-day and 200-day moving averages, while trading near its one-year low of $61.62. Its latest quarterly EPS of $2.82 missed the $2.93 consensus estimate, though revenue increased 3.2% year over year.
• Institutional investors own 91.60% of the company’s shares. Several funds recently initiated or increased positions in Euronet Worldwide.

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) has earned an average rating of "Hold" from the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $94.00.

Several equities research analysts have recently issued reports on the company. Weiss Ratings cut Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Wolfe Research dropped their target price on Euronet Worldwide from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, August 25th. Needham & Company LLC upped their target price on Euronet Worldwide from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, DA Davidson reiterated a "buy" rating and set a $102.00 target price on shares of Euronet Worldwide in a research report on Friday, July 10th.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $63.78 on Thursday. Euronet Worldwide has a 1 year low of $61.62 and a 1 year high of $89.44. The company's 50 day simple moving average is $68.40 and its 200 day simple moving average is $70.55. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.52 and a beta of 0.85. 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 (NASDAQ:EEFT - Get Free Report) last released its earnings results 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 return on equity of 28.60% and a net margin of 6.63%. The company's revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.56 earnings per share. On average, sell-side analysts predict that Euronet Worldwide will post 9.50 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. PenderFund Capital Management Ltd. purchased a new stake in Euronet Worldwide during the second quarter worth approximately $42,000. Allworth Financial LP acquired a new stake in shares of Euronet Worldwide in the second quarter worth $43,000. Parallel Advisors LLC increased its position in shares of Euronet Worldwide by 23.6% in the first quarter. Parallel Advisors LLC now owns 775 shares of the business services provider's stock worth $51,000 after acquiring an additional 148 shares in the last quarter. State of Wyoming purchased a new position in shares of Euronet Worldwide in the 2nd quarter valued at $73,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Euronet Worldwide in the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc NASDAQ: EEFT is a global electronic payments and transaction processing company. Headquartered in Leawood, Kansas, the company provides payment and financial technology services to financial institutions, retailers, mobile operators, money transfer providers and consumers.

Euronet operates through three principal business areas: electronic funds transfer processing, epay and money transfer. Its electronic funds transfer services include automated teller machine and point-of-sale processing, electronic payment solutions, outsourced transaction processing and related network services.

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