Euronet Worldwide (NASDAQ:EEFT) Given New $133.00 Price Target at Oppenheimer

Key Points

• Oppenheimer has reduced the price target for Euronet Worldwide (NASDAQ:EEFT) from $134.00 to $133.00, still indicating a potential upside of 51.99% based on the current stock price.
• The company's stock received mixed ratings from analysts, with one holding a Strong Buy, five issuing Buy ratings, and three giving a Hold rating, leading to an average rating of "Moderate Buy."
• For the last quarter, Euronet reported earnings of $2.56 per share, missing expectations, although its revenue grew by 8.9% compared to the same quarter last year.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) had its target price cut by equities researchers at Oppenheimer from $134.00 to $133.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the business services provider's stock. Oppenheimer's target price indicates a potential upside of 51.99% from the company's current price.

Several other research firms have also recently weighed in on EEFT. DA Davidson reaffirmed a "buy" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their price target on Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating for the company in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.50.

Euronet Worldwide Stock Up 1.6%

NASDAQ EEFT traded up $1.38 on Friday, reaching $87.51. The stock had a trading volume of 198,287 shares, compared to its average volume of 533,726. The business has a 50 day moving average price of $90.65 and a 200 day moving average price of $98.40. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide has a 1 year low of $82.18 and a 1 year high of $114.25. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.69 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.10). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The business's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, analysts forecast that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. Allworth Financial LP boosted its stake in shares of Euronet Worldwide by 248.7% in the second quarter. Allworth Financial LP now owns 265 shares of the business services provider's stock valued at $27,000 after buying an additional 189 shares during the period. Elequin Capital LP bought a new stake in shares of Euronet Worldwide in the first quarter worth $30,000. Geneos Wealth Management Inc. grew its stake in shares of Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock worth $36,000 after purchasing an additional 109 shares during the last quarter. Atwood & Palmer Inc. boosted its position in Euronet Worldwide by 43.7% during the second quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider's stock valued at $44,000 after acquiring an additional 131 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in Euronet Worldwide by 106.4% during the second quarter. True Wealth Design LLC now owns 450 shares of the business services provider's stock valued at $46,000 after acquiring an additional 232 shares during the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.