Euronet Worldwide (NASDAQ:EEFT) Price Target Cut to $112.00 by Analysts at DA Davidson

Euronet Worldwide (NASDAQ:EEFT) had its target price reduced by DA Davidson from $124.00 to $112.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other equities analysts have also recently weighed in on EEFT. Monness Crespi & Hardt cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods cut their target price on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. Oppenheimer decreased their price target on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 26th. Finally, Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $108.33.

Euronet Worldwide Trading Up 4.8%

Shares of EEFT stock opened at $70.98 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.53 and a beta of 0.82. The stock has a 50 day simple moving average of $74.83 and a 200-day simple moving average of $82.94. Euronet Worldwide has a 1-year low of $67.00 and a 1-year high of $114.25.

Hedge Funds Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EEFT. Johnson Financial Group Inc. acquired a new stake in shares of Euronet Worldwide in the 3rd quarter worth $26,000. Danske Bank A S purchased a new stake in shares of Euronet Worldwide in the third quarter valued at about $26,000. Allworth Financial LP increased its position in Euronet Worldwide by 248.7% during the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after purchasing an additional 189 shares during the last quarter. First Horizon Corp purchased a new position in Euronet Worldwide during the third quarter worth about $36,000. Finally, Geneos Wealth Management Inc. raised its stake 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 worth $36,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Euronet Worldwide

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.