Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Price Target at $120.75

Euronet Worldwide, Inc. (NASDAQ:EEFT) has earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $120.75.

Several research firms have weighed in on EEFT. Citigroup upgraded Euronet Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $120.00 in a research note on Monday, April 22nd. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Stephens upgraded Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Thursday, February 1st. Evercore ISI increased their price target on Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Needham & Company LLC increased their price target on Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EEFT. Signaturefd LLC raised its position in Euronet Worldwide by 189.9% during the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in Euronet Worldwide by 101.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC acquired a new stake in Euronet Worldwide during the 4th quarter worth about $30,000. Quadrant Capital Group LLC grew its holdings in Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after acquiring an additional 250 shares during the period. Finally, CWM LLC grew its holdings in Euronet Worldwide by 92.2% during the 3rd quarter. CWM LLC now owns 644 shares of the business services provider’s stock worth $51,000 after acquiring an additional 309 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Trading Down 1.9 %

Shares of NASDAQ:EEFT opened at $102.68 on Friday. The company has a market capitalization of $4.71 billion, a P/E ratio of 18.74 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 debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54. The business’s 50 day simple moving average is $107.44 and its 200 day simple moving average is $97.89.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The firm had revenue of $957.70 million during the quarter, compared to analysts’ expectations of $844.59 million. During the same period in the prior year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts anticipate that Euronet Worldwide will post 7.51 EPS for the current fiscal year.

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.