Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $117.60 Average Price Target from Analysts

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $117.60.

EEFT has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their target price on 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 lowered their price objective on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Needham & Company LLC decreased their target price on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, DA Davidson reiterated a “buy” rating and set a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th.

Institutional Trading of Euronet Worldwide

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of Euronet Worldwide by 29.7% in the third quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock valued at $152,965,000 after buying an additional 399,263 shares during the period. Voss Capital LP grew its holdings in Euronet Worldwide by 66.5% during the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after acquiring an additional 535,000 shares during the last quarter. AQR Capital Management LLC increased its position in Euronet Worldwide by 131.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after acquiring an additional 744,040 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Euronet Worldwide by 3.9% during the second quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock worth $123,443,000 after purchasing an additional 46,205 shares during the period. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Euronet Worldwide by 7.0% during the third quarter. Van Berkom & Associates Inc. now owns 1,105,348 shares of the business services provider’s stock worth $97,061,000 after purchasing an additional 72,138 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Trading Up 0.9%

Shares of EEFT stock opened at $74.06 on Monday. The stock’s fifty day moving average price is $80.09 and its two-hundred day moving average price is $93.49. The company has a market cap of $3.11 billion, a PE ratio of 10.84, a P/E/G ratio of 0.63 and a beta of 1.20. Euronet Worldwide has a fifty-two week low of $68.56 and a fifty-two week high of $114.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.04. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm earned $3.03 EPS. Euronet Worldwide’s revenue was up 4.2% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Equities analysts predict that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

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.