Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $145.00 at Monness Crespi & Hardt

Euronet Worldwide (NASDAQ:EEFT) had its price objective boosted by Monness Crespi & Hardt from $140.00 to $145.00 in a research report released on Monday morning, Marketbeat.com reports. They currently have a neutral rating on the business services provider’s stock.

A number of other brokerages have also recently commented on EEFT. Evercore ISI boosted their price target on Euronet Worldwide from $118.00 to $135.00 and gave the stock an outperform rating in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods boosted their price target on Euronet Worldwide from $115.00 to $116.00 and gave the stock a market perform rating in a research report on Thursday, May 2nd. Needham & Company LLC boosted 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, May 2nd. Citigroup boosted their price target on Euronet Worldwide from $120.00 to $135.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. Finally, Wolfe Research raised Euronet Worldwide from an underperform rating to a peer perform rating in a research report on Friday, May 17th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $124.11.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $98.39 on Monday. The stock’s 50 day simple moving average is $108.34 and its two-hundred day simple moving average is $106.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.33 and a current ratio of 1.19. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 17.32 and a beta of 1.45. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.21. The business had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.84 EPS. As a group, analysts expect that Euronet Worldwide will post 7.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Euronet Worldwide during the 4th quarter valued at $30,000. Quadrant Capital Group LLC raised its stake in Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after buying an additional 250 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Euronet Worldwide during the 1st quarter valued at $50,000. Finally, First Horizon Advisors Inc. raised 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 buying an additional 105 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other 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.