Euronet Worldwide (NASDAQ:EEFT) Given New $136.00 Price Target at DA Davidson

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

Other research analysts also recently issued reports about the company. Evercore ISI raised their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. William Blair reaffirmed an outperform rating on shares of Euronet Worldwide in a research report on Wednesday. Citigroup raised Euronet Worldwide from a neutral rating to a buy rating and lifted their price target for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Needham & Company LLC lifted their price target on Euronet Worldwide from $120.00 to $125.00 and gave the stock a buy rating in a research report on Thursday. Finally, 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. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide currently has an average rating of Moderate Buy and an average price target of $121.89.

Euronet Worldwide Stock Performance

Shares of EEFT stock traded up $3.16 during trading on Friday, reaching $110.24. The company had a trading volume of 285,392 shares, compared to its average volume of 272,910. The firm’s 50 day simple moving average is $107.34 and its two-hundred day simple moving average is $98.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.33 and a quick ratio of 1.54. Euronet Worldwide has a one year low of $73.84 and a one year high of $121.55. The company has a market capitalization of $5.06 billion, a PE ratio of 19.41 and a beta of 1.39.

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

Institutional Trading of Euronet Worldwide

Several institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its stake in Euronet Worldwide by 26.4% in the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after buying an additional 105 shares in the last quarter. M&T Bank Corp boosted its stake in 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 valued at $303,000 after buying an additional 141 shares in the last quarter. Signaturefd LLC boosted its stake in Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after buying an additional 169 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake in Euronet Worldwide by 101.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after buying an additional 171 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in 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 valued at $283,000 after buying an additional 186 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.