Euronet Worldwide (NASDAQ:EEFT) PT Raised to $135.00 at Truist Financial

Euronet Worldwide (NASDAQ:EEFTGet Rating) had its target price lifted by research analysts at Truist Financial from $100.00 to $135.00 in a report issued on Friday, The Fly reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price target would indicate a potential upside of 23.88% from the company’s current price.

Other analysts have also recently issued reports about the company. DA Davidson lowered their target price on Euronet Worldwide from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, October 6th. Citigroup lifted their price objective on Euronet Worldwide from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, October 25th. StockNews.com started coverage on Euronet Worldwide in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Needham & Company LLC reduced their price objective on Euronet Worldwide from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Finally, Keefe, Bruyette & Woods cut Euronet Worldwide from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $124.00 to $90.00 in a research report on Sunday, October 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $114.88.

Euronet Worldwide Price Performance

EEFT stock opened at $108.98 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.50 and a current ratio of 1.50. Euronet Worldwide has a 1 year low of $71.60 and a 1 year high of $149.92. The firm has a market cap of $5.40 billion, a P/E ratio of 35.61 and a beta of 1.34. The stock has a 50-day simple moving average of $94.57 and a 200-day simple moving average of $91.31.

Euronet Worldwide (NASDAQ:EEFTGet Rating) last released its earnings results on Thursday, October 20th. The business services provider reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.22. Euronet Worldwide had a return on equity of 25.65% and a net margin of 4.87%. The company had revenue of $931.30 million for the quarter, compared to the consensus estimate of $914.93 million. On average, equities analysts predict that Euronet Worldwide will post 5.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael J. Brown sold 15,689 shares of the business’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $89.87, for a total transaction of $1,409,970.43. Following the sale, the chief executive officer now owns 1,467,763 shares in the company, valued at approximately $131,907,860.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors Inc. lifted its stake in Euronet Worldwide by 18.5% in the first quarter. Wasatch Advisors Inc. now owns 2,764,637 shares of the business services provider’s stock valued at $359,818,000 after purchasing an additional 431,262 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Euronet Worldwide by 16.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,530,530 shares of the business services provider’s stock worth $191,711,000 after buying an additional 358,911 shares during the period. Capital Research Global Investors lifted its holdings in Euronet Worldwide by 10.2% in the first quarter. Capital Research Global Investors now owns 1,122,002 shares of the business services provider’s stock worth $146,029,000 after buying an additional 103,786 shares during the period. Turtle Creek Asset Management Inc. lifted its holdings in Euronet Worldwide by 35.2% in the third quarter. Turtle Creek Asset Management Inc. now owns 1,001,664 shares of the business services provider’s stock worth $75,886,000 after buying an additional 261,033 shares during the period. Finally, FMR LLC lifted its holdings in Euronet Worldwide by 0.3% in the second quarter. FMR LLC now owns 899,182 shares of the business services provider’s stock worth $90,449,000 after buying an additional 2,529 shares during the period. 93.16% of the stock is owned by institutional investors and hedge funds.

About Euronet Worldwide

(Get Rating)

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.

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