Euronet Worldwide (NASDAQ:EEFT) PT Raised to $136.00 at DA Davidson

Euronet Worldwide (NASDAQ:EEFT) had its price target hoisted by DA Davidson from $126.00 to $136.00 in a report published on Friday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

EEFT has been the topic of several other reports. Keefe, Bruyette & Woods boosted their target price on Euronet Worldwide from $115.00 to $116.00 and gave the company a market perform rating in a research note on Thursday. Needham & Company LLC upped their price objective on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a buy rating in a report on Thursday. Monness Crespi & Hardt initiated coverage on Euronet Worldwide in a research report on Wednesday, March 20th. They issued a buy rating and a $140.00 price target on the stock. StockNews.com upgraded Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, February 15th. Finally, Evercore ISI boosted their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Euronet Worldwide has a consensus rating of Moderate Buy and an average price target of $121.89.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $110.24 on Friday. The firm has a market cap of $5.06 billion, a PE ratio of 19.41 and a beta of 1.39. The company’s fifty day simple moving average is $107.34 and its two-hundred day simple moving average is $98.74. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. Euronet Worldwide has a 12-month low of $73.84 and a 12-month high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.34. The company had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. Euronet Worldwide’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share. As a group, equities analysts expect that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Investors Weigh In On Euronet Worldwide

Several large investors have recently bought and sold shares of EEFT. First Horizon Advisors Inc. lifted its stake in Euronet Worldwide by 26.4% during the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares during the period. M&T Bank Corp raised its holdings in shares of Euronet Worldwide by 3.8% during the third quarter. M&T Bank Corp now owns 3,807 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 141 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Euronet Worldwide by 189.9% during the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC lifted its position in Euronet Worldwide by 101.8% during the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 171 shares during the period. Finally, SkyView Investment Advisors LLC boosted its holdings in Euronet Worldwide by 5.5% in the third quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock worth $283,000 after purchasing an additional 186 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

About Euronet Worldwide

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.