Euronet Worldwide - EEFT Stock Forecast, Price & News

Euronet Worldwide, Inc. provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services. It also offers ATM and POS currency conversion, ATM surcharge, advertising, customer relationship management, mobile top-up, bill payment, fraud management, foreign remittance and cardless payout, banknote recycling, and tax-refund services; and integrated electronic financial transaction software solutions, as well as delivers non-cash products. This segment operates a network of 42,713 ATMs and approximately 438,000 POS terminals. Its epay segment distributes and processed prepaid mobile airtime and other electronic payment products; and provides payment processing services for various prepaid products, cards, and services, as well as vouchers and physical gift fulfillment, and gift card distribution and processing services. This segment operates a network of approximately 775,000 POS terminals. The company's Money Transfer segment offers consumer-to-consumer and account-to-account money transfer, customers bill payment, check cashing, foreign currency exchange, mobile top-up, and cash management and foreign currency risk management services, as well as payment alternatives, such as money orders and prepaid debit cards. This segment operates a network of approximately 510,000 money transfer locations. The company was formerly known as Euronet Services, Inc. and changed its name to Euronet Worldwide, Inc. in August 2001. Euronet Worldwide, Inc. was founded in 1994 and is headquartered in Leawood, Kansas.

Analyst Ratings Changes

A number of brokerages have commented on EEFT. Needham & Company LLC decreased their price objective on Euronet Worldwide from $190.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, July 29th. Wolfe Research downgraded Euronet Worldwide from an "outperform" rating to a "peer perform" rating in a research note on Friday, July 29th. Citigroup cut their price objective on Euronet Worldwide from $170.00 to $145.00 in a research note on Sunday, July 24th. Keefe, Bruyette & Woods dropped their price target on Euronet Worldwide from $164.00 to $140.00 in a research report on Monday, July 11th. Finally, UBS Group dropped their price target on Euronet Worldwide from $174.00 to $158.00 and set a "buy" rating on the stock in a research report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.29.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT traded up $0.17 during mid-day trading on Monday, hitting $98.07. 214,465 shares of the stock traded hands, compared to its average volume of 527,072. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.51 and a quick ratio of 1.51. Euronet Worldwide has a twelve month low of $92.88 and a twelve month high of $149.92. The company has a market cap of $4.96 billion, a PE ratio of 38.31 and a beta of 1.33. The firm has a 50 day simple moving average of $103.70 and a two-hundred day simple moving average of $118.07.