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

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

Several other research firms also recently weighed in on EEFT. William Blair reissued an outperform rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Monness Crespi & Hardt initiated coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They issued a buy rating and a $140.00 price objective for the company. Needham & Company LLC lifted their target price on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Evercore ISI upped their price target on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Euronet Worldwide from a hold rating to a buy rating in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Euronet Worldwide has a consensus rating of Moderate Buy and a consensus price target of $121.89.

Euronet Worldwide Stock Up 2.0 %

Shares of NASDAQ EEFT opened at $112.41 on Friday. The stock has a 50-day moving average price of $107.44 and a two-hundred day moving average price of $98.99. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $121.55. The company has a current ratio of 1.33, a quick ratio of 1.54 and a debt-to-equity ratio of 1.01. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 19.79 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 EPS for the quarter, beating the consensus estimate of $1.54 by $0.34. The business had revenue of $957.70 million during the quarter, compared to the consensus estimate of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 EPS. As a group, analysts forecast that Euronet Worldwide will post 7.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in EEFT. SkyView Investment Advisors LLC boosted its holdings in shares of Euronet Worldwide by 5.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock worth $283,000 after buying an additional 186 shares in the last quarter. FCF Advisors LLC acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at about $794,000. Voss Capital LLC boosted its position in shares of Euronet Worldwide by 52.8% during the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock worth $57,368,000 after purchasing an additional 195,404 shares in the last quarter. Burgundy Asset Management Ltd. acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at about $35,309,000. Finally, Algert Global LLC increased its position in Euronet Worldwide by 133.5% in the 3rd quarter. Algert Global LLC now owns 52,014 shares of the business services provider’s stock valued at $4,129,000 after buying an additional 29,739 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

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.