Brokerages Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Target Price at $165.40

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned an average rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $165.40.

Several research analysts have recently commented on EEFT shares. BidaskClub cut shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. Wolfe Research began coverage on shares of Euronet Worldwide in a report on Wednesday, July 31st. They set an “outperform” rating and a $200.00 target price on the stock. Citigroup set a $189.00 price target on shares of Euronet Worldwide and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, DA Davidson lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 price target on the stock. in a research report on Thursday, June 13th. They noted that the move was a valuation call.

In related news, VP Jeffrey B. Newman sold 5,461 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $161.12, for a total transaction of $879,876.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EEFT. Principal Financial Group Inc. boosted its position in shares of Euronet Worldwide by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 8,085 shares of the business services provider’s stock worth $828,000 after acquiring an additional 476 shares in the last quarter. Legal & General Group Plc boosted its position in Euronet Worldwide by 13.9% in the fourth quarter. Legal & General Group Plc now owns 34,809 shares of the business services provider’s stock valued at $3,564,000 after buying an additional 4,252 shares in the last quarter. Norges Bank acquired a new stake in Euronet Worldwide in the fourth quarter valued at approximately $43,343,000. First Hawaiian Bank boosted its position in Euronet Worldwide by 677.1% in the first quarter. First Hawaiian Bank now owns 2,238 shares of the business services provider’s stock valued at $319,000 after buying an additional 1,950 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Euronet Worldwide by 8.7% in the first quarter. State of Alaska Department of Revenue now owns 6,138 shares of the business services provider’s stock valued at $874,000 after buying an additional 491 shares in the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.

Shares of EEFT traded up $1.42 during mid-day trading on Thursday, hitting $148.88. 311,340 shares of the company’s stock were exchanged, compared to its average volume of 476,922. Euronet Worldwide has a 52 week low of $91.78 and a 52 week high of $171.25. The stock has a 50-day moving average of $161.29. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.28.

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's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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