DA Davidson Lowers Euronet Worldwide (NASDAQ:EEFT) Price Target to $112.00

Euronet Worldwide (NASDAQ:EEFT) had its price target dropped by equities researchers at DA Davidson from $124.00 to $112.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. DA Davidson’s price target would indicate a potential upside of 57.79% from the company’s current price.

EEFT has been the topic of several other reports. Keefe, Bruyette & Woods decreased their price target on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Needham & Company LLC reduced their price objective on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.33.

Euronet Worldwide Price Performance

EEFT traded up $3.26 on Wednesday, reaching $70.98. The company had a trading volume of 1,065,146 shares, compared to its average volume of 591,463. Euronet Worldwide has a 52-week low of $67.00 and a 52-week high of $114.25. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 0.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50 day simple moving average of $74.88 and a 200 day simple moving average of $83.02.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its stake in shares of Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 109 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Euronet Worldwide by 4.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock worth $245,000 after buying an additional 113 shares during the period. Lecap Asset Management Ltd. grew its holdings in shares of Euronet Worldwide by 2.9% during the 3rd quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock worth $400,000 after acquiring an additional 129 shares during the period. Evergreen Capital Management LLC raised its position in shares of Euronet Worldwide by 0.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock worth $3,450,000 after acquiring an additional 129 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Euronet Worldwide by 3.2% during the second quarter. Quadrant Capital Group LLC now owns 4,228 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 131 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.