Euronet Worldwide (EEFT) Price Target Raised to $130.00

Euronet Worldwide (NASDAQ:EEFT) had its price objective hoisted by SunTrust Banks to $130.00 in a report released on Wednesday morning, The Fly reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other analysts also recently commented on EEFT. Goldman Sachs Group downgraded Euronet Worldwide from a buy rating to a neutral rating and dropped their price objective for the stock from $101.00 to $94.00 in a report on Monday, June 11th. ValuEngine upgraded Euronet Worldwide from a sell rating to a hold rating in a report on Monday, June 18th. BidaskClub upgraded Euronet Worldwide from a hold rating to a buy rating in a report on Friday, June 22nd. Zacks Investment Research downgraded Euronet Worldwide from a hold rating to a sell rating in a report on Wednesday, July 11th. Finally, Needham & Company LLC upped their price objective on Euronet Worldwide from $100.00 to $110.00 and gave the stock a buy rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $110.56.

EEFT stock opened at $102.30 on Wednesday. The firm has a market cap of $5.17 billion, a PE ratio of 23.63, a PEG ratio of 1.48 and a beta of 1.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. Euronet Worldwide has a 52 week low of $70.67 and a 52 week high of $102.50.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Tuesday, July 24th. The business services provider reported $1.32 EPS for the quarter, hitting analysts’ consensus estimates of $1.32. The business had revenue of $622.20 million during the quarter, compared to the consensus estimate of $618.93 million. Euronet Worldwide had a return on equity of 21.71% and a net margin of 6.11%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. analysts forecast that Euronet Worldwide will post 5.15 earnings per share for the current fiscal year.

In related news, VP Jeffrey B. Newman sold 5,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $97.26, for a total value of $486,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael J. Brown sold 25,000 shares of the stock in a transaction on Friday, July 27th. The shares were sold at an average price of $93.27, for a total value of $2,331,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 263,413 shares of company stock valued at $25,578,542. 7.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in EEFT. Mount Yale Investment Advisors LLC acquired a new stake in Euronet Worldwide in the 1st quarter valued at $166,000. Essex Investment Management Co. LLC acquired a new stake in Euronet Worldwide in the 2nd quarter valued at $207,000. Fiduciary Trust Co. acquired a new stake in Euronet Worldwide in the 1st quarter valued at $211,000. Hartford Investment Management Co. purchased a new position in Euronet Worldwide in the 2nd quarter valued at about $213,000. Finally, Blair William & Co. IL purchased a new position in Euronet Worldwide in the 1st quarter valued at about $217,000. Hedge funds and other institutional investors own 99.45% 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. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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The Fly

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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