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

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $120.75.

A number of research analysts recently weighed in on EEFT shares. Needham & Company LLC increased their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Evercore ISI raised their price objective on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. DA Davidson restated a “buy” rating and set a $126.00 price objective on shares of Euronet Worldwide in a research report on Monday, April 15th. Finally, Citigroup raised shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the company from $116.00 to $120.00 in a research note on Monday, April 22nd.

Euronet Worldwide Price Performance

Shares of EEFT opened at $102.68 on Friday. The stock has a market cap of $4.71 billion, a PE ratio of 18.74 and a beta of 1.39. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.54 and a current ratio of 1.54. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $121.55. The firm’s 50-day simple moving average is $107.44 and its two-hundred day simple moving average is $97.89.

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

Hedge Funds Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its stake in shares of Euronet Worldwide by 26.4% in the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock worth $51,000 after buying an additional 105 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Euronet Worldwide by 3.8% in the 3rd quarter. M&T Bank Corp now owns 3,807 shares of the business services provider’s stock worth $303,000 after acquiring an additional 141 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC lifted its holdings in shares of Euronet Worldwide by 101.8% in 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 last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of Euronet Worldwide by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock worth $283,000 after acquiring an additional 186 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

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.