Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Target Price at $117.60

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $117.60.

A number of research firms recently commented on EEFT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Euronet Worldwide in a research note on Monday, December 15th. DA Davidson restated a “buy” rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, September 12th. Oppenheimer decreased their target price on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, October 24th. Finally, Needham & Company LLC reduced their price objective on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd.

Institutional Trading of Euronet Worldwide

A number of hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 109 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Euronet Worldwide by 4.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock valued at $245,000 after buying an additional 113 shares during the period. Fiduciary Financial Group LLC boosted its stake in shares of Euronet Worldwide by 5.1% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider’s stock valued at $255,000 after buying an additional 120 shares during the period. Lecap Asset Management Ltd. grew its holdings in shares of Euronet Worldwide by 2.9% during the 3rd quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 129 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Euronet Worldwide by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock worth $3,450,000 after acquiring an additional 129 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Up 0.1%

Shares of EEFT opened at $77.02 on Friday. The business’s 50-day moving average price is $76.59 and its 200 day moving average price is $89.85. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.24 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.68 and a beta of 0.86. Euronet Worldwide has a 1-year low of $68.56 and a 1-year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.20 billion. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Analysts expect that Euronet Worldwide will post 9.11 earnings per share for the current year.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.